Assumable homes for sale in Albert Lea, MN

3 homesFHA & VA loansrates from 2.88% vs 7.28% today

Albert Lea assumption guide

711 Saint Thomas Avenue, Albert Lea, MN, 56007 — assumable FHA mortgage at 2.88%

FHA

Active

$130,000$51,339 down

Rate: 2.88%; ~~7.28%~~today
Payment: $375/mo; ~~$618~~today

2beds
1baths
660sqft

711 Saint Thomas Avenue, Albert Lea

618 Freeborn Avenue, Albert Lea, MN, 56007 — assumable FHA mortgage at 2.88%

FHA

Active

$104,900$64,634 down

Rate: 2.88%; ~~7.28%~~today
Payment: $276/mo; ~~$398~~today

2beds
1baths
686sqft

618 Freeborn Avenue, Albert Lea

610 Park Avenue, Albert Lea, MN, 56007 — assumable VA mortgage

Active

$325,000$335,000 down

Rate: —%; ~~7.28%~~today
Payment: —/mo

5beds
3baths
2,993sqft

610 Park Avenue, Albert Lea

Assuming a mortgage in Albert Lea

An assumable mortgage lets you buy the home and take over the seller’s existing FHA, VA or USDA loan—its rate, balance and remaining term included. Each listing above shows the existing rate and payment next to what the same loan would cost at today’s rates (about 7.28%), so you can see the saving before you tour.

Lowest existing rate: 2.88%
Lowest existing payment: $375 /mo
Median cash to assume: $64,634