FHA
Active
42$315,900$109,052 equity gap
- Rate
- 2.81%
7.40%today- Payment
- $970/mo
$1,632today
- 3beds
- 2baths
- 1,728sqft
Brainerd, Minnesota
Assumable homes for salein Brainerd, Minnesota.
10 homes in Brainerd carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 2.74%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Brainerd assumable market
by the numbers.
10active assumable listings
2.74%lowest locked rate
$300kmedian list price
$637saved per month vs. 7.2%
About the market
Assumable mortgagesin Brainerd, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Minnesota, filtered to Brainerd. Updated October 2026.
How assumptions work for buyersBrainerd, Minnesota has 10 homes for sale with an assumable mortgage as of October 2026: 7 FHA loans and 3 VA 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 Brainerd assumable listings start at 2.74% with a median of 6.55%; 4 listings are under 4% and 4 are under 5%.
The median assumable home in Brainerd lists for $300,400, with a median of $94,072 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 $1,250 a month versus $1,887 for the same balance at today's rate, roughly $637 kept every month and $7,643 a year. The most active Brainerd ZIP codes are 56401 (10).
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 Brainerd assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Brainerd
View all 10 on the map Homes on the marketin Brainerd.
FHA
Active
13$204,900$68,953 equity gap
- Rate
- 3.08%
7.40%today- Payment
- $655/mo
$1,064today
- 3beds
- 2baths
- 1,186sqft
705 19th Street, Brainerd
VA
Active
53$775,000$454,893 equity gap
- Rate
- 2.74%
7.40%today- Payment
- $1,492/mo
$2,535today
- 5beds
- 3baths
- 3,006sqft
14390 Shoreview Drive, Baxter
VA
Active
45$789,000$507,544 equity gap
- Rate
- 2.74%
7.40%today- Payment
- $1,306/mo
$2,218today
- 3beds
- 3baths
- 3,631sqft
14438 Cedarleaf Point Road, Brainerd
VA
Active
73$459,900$292,584 equity gap
- Rate
- 2.89%
7.40%today- Payment
- $800/mo
$1,333today
- 5beds
- 4baths
- 2,993sqft
13066 Oakland Parkway Road, Merrifield
VA
Active
43$284,900$26,860 equity gap
- Rate
- 7.09%
7.40%today- Payment
- $1,772/mo
$1,828today
- 4beds
- 2baths
- 2,873sqft
1001 Terrace Avenue, Brainerd
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 Brainerd.
Live counts from the MLS feeds we index for Minnesota. Updated October 2026.
- Active listings
- 10
- UMe Certified / verified
- 0
- Lowest rate
- 2.74%
- Median rate
- 6.55%
- Median list price
- $300,400
- Median cash to assume
- $94,072
Brainerd listings by locked rate
- Under 4%4 homes
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up6 homes
Brainerd listings by loan type
- FHA7 homesmedian 6.50%
- VA3 homesmedian 6.60%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Brainerd ZIP code.
Each ZIP opens the Brainerd map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Brainerd numbers
What an assumable ratedoes to a Brainerd payment.
The sliders start at the median Brainerd assumable listing: $300,400 list price and a 6.55% 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)$95,000
32% 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 Brainerd
$1,370/mo
New loan at 7.20%$1,392
Assumed at 6.55%
$1,370
Every month$22
Over five years$1,317
Interest you never pay$73,64226-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 Brainerd listing on UMe shows the actual balance, rate, and payment.
How it works in Brainerd
How to assumea mortgage in Brainerd.
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 Brainerd home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Brainerd 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 $94,072 in Brainerd 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 Brainerd payment written in a different decade.
Brainerd questions
Assuming a mortgagein Brainerd.
The numbers below come from current Brainerd inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Brainerd?
As of October 2026, UMe tracks 10 active assumable listings in Brainerd. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Brainerd?
Current Brainerd inventory breaks down as FHA (7, median 6.50%) and VA (3, median 6.60%). 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 Brainerd?
The lowest rate on an active Brainerd assumable listing is 2.74%, and the median across all 10 listings is 6.55%. 4 listings are under 4% and 4 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 Brainerd?
Across current Brainerd listings, the median principal-and-interest payment on the assumable loan is $1,250 per month versus $1,887 for the same balance at today's rates, a difference of about $637 every month, or $7,643 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 Brainerd?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Brainerd that gap is currently a median of $94,072 on a median list price of $300,400. 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 Brainerd ZIP codes have the most assumable homes?
The Brainerd ZIP codes with the most active assumable listings are 56401 (10). 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 Brainerd?
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 Brainerd.The rate is already on the house.
Every listing on the Brainerd map has a rate you can take over. Start with the ones in Brainerd, get pre-qualified in minutes, and let UMe carry the assumption to closing.
