VA
Active
34$1,598,000$281,528 down
- Rate
- 2.78%
7.28%today- Payment
- $6,079/mo
$10,149today
- 3beds
- 4baths
- 2,347sqft
Santa Monica, California
Assumable homes for salein Santa Monica, California.
1 home in Santa Monica carries an existing FHA, VA, or USDA loan you can take over, with locked rates from 3.00%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Santa Monica assumable market
by the numbers.
1active assumable listing
3.00%lowest locked rate
$1,929kmedian list price
$3,431saved per month vs. 7.2%
About the market
Assumable mortgagesin Santa Monica, explained.
Every number on this page comes from the live MLS feeds UMe indexes for California, filtered to Santa Monica. Updated September 2026.
How assumptions work for buyersSanta Monica, California has 1 home for sale with an assumable mortgage as of September 2026: 1 VA loan 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 Santa Monica assumable listings start at 3.00% with a median of 3.00%; 1 listing is under 4% and 1 is under 5%.
The median assumable home in Santa Monica lists for $1,929,000, with a median of $843,091 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 $5,184 a month versus $8,615 for the same balance at today's rate, roughly $3,431 kept every month and $41,168 a year. The most active Santa Monica ZIP codes are 90404 (1).
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 Santa Monica assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Santa Monica
View all 1 on the map Homes on the marketin Santa Monica.
VA
Active
31$649,000$122,376 down
- Rate
- 2.94%
7.28%today- Payment
- $2,487/mo
$4,066today
- 3beds
- 3baths
- 1,324sqft
4652 Don Lorenzo #B, Los Angeles
VA
Active
23$990,000$99,394 down
- Rate
- 2.95%
7.28%today- Payment
- $4,210/mo
$6,876today
- 3beds
- 4baths
- 1,524sqft
10736 Bloomfield Street, Toluca Lake
VA
Active
27$1,199,900$317,755 down
- Rate
- 2.67%
7.28%today- Payment
- $4,091/mo
$6,929today
- 3beds
- 4baths
- 1,775sqft
10814 Hortense Street, Los Angeles
VA
Active
30$995,000$381,189 down
- Rate
- 2.75%
7.28%today- Payment
- $2,900/mo
$4,860today
- 3beds
- 3baths
- 1,368sqft
2120 Dufour Avenue #2, Redondo Beach
VA
Active
56$875,000$269,002 down
- Rate
- 2.83%
7.28%today- Payment
- $2,867/mo
$4,755today
- 3beds
- 2baths
- 1,860sqft
10829 Firmona Avenue, Inglewood
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.
Inventory snapshot
What’s in the mixin Santa Monica.
Live counts from the MLS feeds we index for California. Updated September 2026.
- Active listings
- 1
- UMe Certified / verified
- 0
- Lowest rate
- 3.00%
- Median rate
- 3.00%
- Median list price
- $1,929,000
- Median cash to assume
- $843,091
Santa Monica listings by locked rate
- Under 4%1 home
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up0 homes
Santa Monica listings by loan type
- VA1 homemedian 3.00%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Santa Monica ZIP code.
Each ZIP opens the Santa Monica map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Santa Monica numbers
What an assumable ratedoes to a Santa Monica payment.
The sliders start at the median Santa Monica assumable listing: $1,929,000 list price and a 3.00% 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)$845,000
44% 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 Santa Monica
$5,012/mo
New loan at 7.20%$7,365
Assumed at 3.00%
$5,012
Every month$2,352
Over five years$141,141
Interest you never pay$1,087,44826-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 Santa Monica listing on UMe shows the actual balance, rate, and payment.
How it works in Santa Monica
How to assumea mortgage in Santa Monica.
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 Santa Monica home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Santa Monica 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 $843,091 in Santa Monica 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 a Santa Monica payment written in a different decade.
Santa Monica questions
Assuming a mortgagein Santa Monica.
The numbers below come from current Santa Monica inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Santa Monica?
As of September 2026, UMe tracks 1 active assumable listing in Santa Monica. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Santa Monica?
Current Santa Monica inventory breaks down as VA (1, median 3.00%). 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 Santa Monica?
The lowest rate on an active Santa Monica assumable listing is 3.00%, and the median across all 1 listing is 3.00%. 1 listing is under 4% and 1 is under 5%, compared with roughly 7.2% for a new 30-year loan today.
How much can I save with a mortgage assumption in Santa Monica?
Across current Santa Monica listings, the median principal-and-interest payment on the assumable loan is $5,184 per month versus $8,615 for the same balance at today's rates, a difference of about $3,431 every month, or $41,168 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 Santa Monica?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Santa Monica that gap is currently a median of $843,091 on a median list price of $1,929,000. 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 Santa Monica ZIP codes have the most assumable homes?
The Santa Monica ZIP codes with the most active assumable listings are 90404 (1). 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 Santa Monica?
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 California More assumable homesin California.
Ready when you are
Stop overpaying for Santa Monica.The rate is already on the house.
Every listing on the Santa Monica map has a rate you can take over. Start with the ones in Santa Monica, get pre-qualified in minutes, and let UMe carry the assumption to closing.
