El Paso, Texas
Assumable homes for salein El Paso, Texas.
374 homes in El Paso carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 2.05%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
El Paso assumable market
by the numbers.
Assumable mortgagesin El Paso, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Texas, filtered to El Paso. Updated October 2026.
How assumptions work for buyersEl Paso, Texas has 374 homes for sale with an assumable mortgage as of October 2026: 213 VA loans and 161 FHA loans that a qualified buyer can take over at the seller's existing rate instead of financing at today's roughly 7.2%. Rates on active El Paso assumable listings start at 2.05% with a median of 5.23%; 144 listings are under 4% and 171 are under 5%.
The median assumable home in El Paso lists for $298,475, with a median of $96,415 in cash to assume, the gap between the price and the remaining loan balance. At the median assumable rate the principal-and-interest payment is about $1,248 a month versus $1,651 for the same balance at today's rate, roughly $403 kept every month and $4,840 a year. The most active El Paso ZIP codes are 79938 (122), 79928 (67), 79934 (41), 79924 (25), and 79936 (24).
UMe confirms the balance, rate, and assumability of each listing with the listing agent before marking it Certified. FHA, VA, and USDA loans are assumable by law, and you do not need to be a veteran to assume a VA loan. Once you are under contract, the loan servicer underwrites you rather than a new lender; most El Paso assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Homes on the marketin El Paso.
No verified listings in El Paso yet.
New assumable listings land every week across Texas. Search the full map, or save an El Paso search and we’ll email you the moment one appears.
Live MLS collection. Loan balances, payment estimates, and cash-to-assume amounts update with the source listing. Taxes, insurance, HOA, closing costs, and secondary financing may change the final monthly payment.
What’s in the mixin El Paso.
Live counts from the MLS feeds we index for Texas. Updated October 2026.
- Active listings
- 374
- UMe Certified / verified
- 0
- Lowest rate
- 2.05%
- Median rate
- 5.23%
- Median list price
- $298,475
- Median cash to assume
- $96,415
El Paso listings by locked rate
- Under 4%144 homes
- 4% – 5%27 homes
- 5% – 6%38 homes
- 6% and up164 homes
El Paso listings by loan type
- VA213 homesmedian 5.11%
- FHA161 homesmedian 5.41%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
Assumable homesby El Paso ZIP code.
Each ZIP opens the El Paso map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
- 79938
122 assumable homes
median 4.83% · $289,700
- 79928
67 assumable homes
median 6.08% · $314,999
- 79934
41 assumable homes
median 6.09% · $274,900
- 79924
25 assumable homes
median 6.58% · $240,000
- 79936
24 assumable homes
median 4.41% · $289,000
- 79912
19 assumable homes
median 3.69% · $465,000
- 79911
17 assumable homes
median 5.23% · $380,000
- 79932
15 assumable homes
median 3.55% · $445,000
What an assumable ratedoes to an El Paso payment.
The sliders start at the median El Paso assumable listing: $298,475 list price and a 5.23% existing rate. We compare the payment you would take over against financing the same balance with a new loan at today’s 7.20%. Principal and interest only; taxes, insurance, and HOA dues are the same either way.
The gap between price and balance is the seller’s equity: your cash to assume, or what a second loan can help cover.
33% of the price. Eligible buyers can start with as little as 5% down using a second loan for the rest.
Estimates for illustration. The real numbers depend on the loan, the servicer, and your qualification; every El Paso listing on UMe shows the actual balance, rate, and payment.
How to assumea mortgage in El Paso.
You’re not applying for a new mortgage. You’re stepping into one that already exists, at the rate it was written. Four steps, and UMe owns the hard one.
Start with pre-qualification- 01
Find an El Paso home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the El Paso map by existing rate, monthly payment, or cash to assume instead of by list price alone.
- 02
Cover the seller’s equity.
You pay the seller the difference between the price and the remaining balance, a median of $96,415 in El Paso today. Cash, a second loan, or seller financing can bridge it.
- 03
Qualify with the servicer, not a new lender.
The current loan servicer reviews your credit, income, and debt just like a lender would. UMe prepares the file, works the servicer directly, and chases every follow-up so the 45-to-90-day timeline holds.
- 04
Close and keep the rate.
The seller’s balance, rate, and remaining term become yours. No points, no origination fee, no reset to 30 years, and an El Paso payment written in a different decade.
Assuming a mortgagein El Paso.
The numbers below come from current El Paso inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in El Paso?
As of October 2026, UMe tracks 374 active assumable listings in El Paso. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in El Paso?
Current El Paso inventory breaks down as VA (213, median 5.11%) and FHA (161, median 5.41%). FHA, VA, and USDA mortgages are assumable by law, which is why they make up nearly all assumable listings. Conventional loans usually carry a due-on-sale clause and cannot be assumed. You do not need to be a veteran to assume a VA loan, though the seller's entitlement stays tied up unless you substitute your own.
What is the lowest assumable mortgage rate in El Paso?
The lowest rate on an active El Paso assumable listing is 2.05%, and the median across all 374 listings is 5.23%. 144 listings are under 4% and 171 are under 5%, compared with roughly 7.2% for a new 30-year loan today.
How much can I save with a mortgage assumption in El Paso?
Across current El Paso listings, the median principal-and-interest payment on the assumable loan is $1,248 per month versus $1,651 for the same balance at today's rates, a difference of about $403 every month, or $4,840 a year. The savings compound because you also keep the seller's remaining term instead of restarting a 30-year clock.
How much money do I need to assume a home in El Paso?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In El Paso that gap is currently a median of $96,415 on a median list price of $298,475. Buyers cover it with cash, a second mortgage, or seller financing; UMe can connect you with lenders who write gap loans behind an assumption.
Which El Paso ZIP codes have the most assumable homes?
The El Paso ZIP codes with the most active assumable listings are 79938 (122), 79928 (67), 79934 (41), 79924 (25), and 79936 (24). Use the map to draw your own boundary or filter by rate, payment, and down payment inside any of them.
How long does a mortgage assumption take in El Paso?
Most FHA and VA assumptions close in 45 to 90 days. The loan servicer, not a new lender, underwrites you, and servicer turnaround is the main variable. UMe tracks the file with the servicer and the listing agent so nothing stalls, and every listing shows whether the assumption has already been confirmed with the seller's side.
More assumable homesin Texas.
Stop overpaying for El Paso.The rate is already on the house.
Every listing on the El Paso map has a rate you can take over. Start with the ones in El Paso, get pre-qualified in minutes, and let UMe carry the assumption to closing.
