FHA
Active
15$189,999$24,156 down
- Rate
- 2.87%
7.28%today- Payment
- $774/mo
$1,276today
- 2beds
- 1baths
- 1,292sqft
North Oaks, Minnesota
Assumable homes for salein North Oaks, Minnesota.
An assumable mortgage lets you take over a seller’s existing low-rate FHA, VA, or USDA loan instead of financing at today’s 7.2%. These are the ones we verify in North Oaks.
Live MLS data · Updated
North Oaks assumable market
by the numbers.
6active assumable listings
3.04%average locked rate
$251ktypical list price
$512saved per month vs. 7.2%
About the market
Assumable mortgagesin North Oaks, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Minnesota, filtered to North Oaks. Updated October 2026.
How assumptions work for buyersAs of October 2026, UMe has no verified assumable listings in North Oaks. That changes quickly: assumable homes come on the market every week across Minnesota as sellers with FHA, VA, and USDA loans written at 2% to 5% decide to move. Save a North Oaks search on the map and we will email you the moment one lands.
An assumable mortgage lets a qualified buyer take over the seller's existing loan, keeping the original rate, balance, and remaining term instead of financing at today's roughly 7.2%. FHA, VA, and USDA loans are assumable by law; conventional loans almost never are. UMe confirms the loan terms with the listing agent, runs the assumption with the servicer, and connects buyers with lenders who write second loans behind an assumption when the seller's equity is more than their cash.
Verified in North Oaks
Homes on the marketin North Oaks.
FHA
Active
47$302,000$20,153 down
- Rate
- 2.94%
7.28%today- Payment
- $1,356/mo
$2,217today
- 3beds
- 3baths
- 1,776sqft
1472 Concordia Avenue, Saint Paul
FHA
Active
19$249,900$47,981 down
- Rate
- 3.07%
7.28%today- Payment
- $952/mo
$1,532today
- 4beds
- 1baths
- 1,442sqft
1828 Bush Avenue, Saint Paul
FHA
Active
30$269,900$40,139 down
- Rate
- 3.07%
7.28%today- Payment
- $1,086/mo
$1,747today
- 3beds
- 3baths
- 1,488sqft
5651 138th Street, Hugo
FHA
Active
23$170,000$26,550 down
- Rate
- 3.13%
7.28%today- Payment
- $709/mo
$1,132today
- 2beds
- 2baths
- 1,059sqft
1050 Matilda Street, Saint Paul
FHA
Active
40$325,000$50,324 down
- Rate
- 3.18%
7.28%today- Payment
- $1,337/mo
$2,121today
- 3beds
- 3baths
- 1,800sqft
7225 Elmo Court, Lino Lakes
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.
Run the North Oaks numbers
What an assumable ratedoes to a North Oaks payment.
The sliders start at the median North Oaks assumable listing: $251,133 list price and a 3.04% 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.
Cash to assume (seller’s equity)$50,000
20% of the price. Eligible buyers can start with as little as 5% down using a second loan for the rest.
Your monthly payment if you assume in North Oaks
$929/mo
New loan at 7.20%$1,358
Assumed at 3.05%
$929
Every month$428
Over five years$25,702
Interest you never pay$198,81426-year assumed loan vs. a new 30-year loan
Estimates for illustration. The real numbers depend on the loan, the servicer, and your qualification; every North Oaks listing on UMe shows the actual balance, rate, and payment.
How it works in North Oaks
How to assumea mortgage in North Oaks.
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 a North Oaks home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the North Oaks 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. 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 a North Oaks payment written in a different decade.
North Oaks questions
Assuming a mortgagein North Oaks.
The numbers below come from current North Oaks inventory and update as listings change.
All assumption FAQsAre there assumable homes for sale in North Oaks?
As of October 2026, there are no verified assumable listings in North Oaks. New assumable homes appear every week across Minnesota; save a search on the map and we will email you when one lands in North Oaks.
What types of loans can be assumed in North Oaks?
FHA, VA, and USDA mortgages are assumable by law and make up nearly all assumable listings in Minnesota. Conventional loans usually include a due-on-sale clause and cannot be assumed. You do not need to be a veteran to assume a VA loan.
How long does a mortgage assumption take in North Oaks?
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.
Nearby markets
All of Minnesota More assumable homesin Minnesota.
Ready when you are
Stop overpaying for North Oaks.The rate is already on the house.
Every listing on the North Oaks map has a rate you can take over. Start with the ones in North Oaks, get pre-qualified in minutes, and let UMe carry the assumption to closing.
