VA
Active
30$360,000$9,604 equity gap
- Rate
- 3.625%
7.40%today- Payment
- $1,756/mo
$2,666today
- 3beds
- 2baths
- 1,816sqft
Coats, North Carolina
Assumable homes for salein Coats, North Carolina.
2 homes in Coats carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 5.20%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Coats assumable market
by the numbers.
2active assumable listings
5.20%lowest locked rate
$313kmedian list price
$157saved per month vs. 7.2%
About the market
Assumable mortgagesin Coats, explained.
Every number on this page comes from the live MLS feeds UMe indexes for North Carolina, filtered to Coats. Updated October 2026.
How assumptions work for buyersCoats, North Carolina has 2 homes for sale with an assumable mortgage as of October 2026: 2 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 Coats assumable listings start at 5.20% with a median of 5.60%; 0 listings are under 4% and 0 are under 5%.
The median assumable home in Coats lists for $312,500, with a median of $236,827 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 $745 a month versus $902 for the same balance at today's rate, roughly $157 kept every month and $1,884 a year. The most active Coats ZIP codes are 27521 (2).
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 Coats assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Coats
View all 2 on the map Homes on the marketin Coats.
FHA
Active
35$259,900$39,760 equity gap
- Rate
- 3.14%
7.40%today- Payment
- $1,053/mo
$1,699today
- 3beds
- 3baths
- 1,626sqft
104 Jude Court, Dunn
VA
Active
39$260,000$8,600 equity gap
- Rate
- 3.69%
7.40%today- Payment
- $1,267/mo
$1,908today
- 3beds
- 3baths
- 2,038sqft
9641 Lukes Run Road, Linden
FHA
Active
18$230,000$51,976 equity gap
- Rate
- 2.88%
7.40%today- Payment
- $828/mo
$1,380today
- 4beds
- 2baths
- 1,570sqft
200 11th Street, Erwin
FHA
Active
58$335,000$80,016 equity gap
- Rate
- 3.05%
7.40%today- Payment
- $1,208/mo
$1,971today
- 3beds
- 2baths
- 1,633sqft
47 Morton Drive, Angier
VA
Active
44$445,000$99,452 equity gap
- Rate
- 3.12%
7.40%today- Payment
- $1,642/mo
$2,656today
- 5beds
- 4baths
- 2,799sqft
114 Boomer Street, Benson
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 Coats.
Live counts from the MLS feeds we index for North Carolina. Updated October 2026.
- Active listings
- 2
- UMe Certified / verified
- 0
- Lowest rate
- 5.20%
- Median rate
- 5.60%
- Median list price
- $312,500
- Median cash to assume
- $236,827
Coats listings by locked rate
- Under 4%0 homes
- 4% – 5%0 homes
- 5% – 6%1 home
- 6% and up1 home
Coats listings by loan type
- FHA2 homesmedian 5.60%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Coats ZIP code.
Each ZIP opens the Coats map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Coats numbers
What an assumable ratedoes to a Coats payment.
The sliders start at the median Coats assumable listing: $312,500 list price and a 5.60% 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)$240,000
76% 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 Coats
$457/mo
New loan at 7.20%$509
Assumed at 5.60%
$457
Every month$52
Over five years$3,132
Interest you never pay$40,72226-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 Coats listing on UMe shows the actual balance, rate, and payment.
How it works in Coats
How to assumea mortgage in Coats.
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 Coats home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Coats 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 $236,827 in Coats 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 Coats payment written in a different decade.
Coats questions
Assuming a mortgagein Coats.
The numbers below come from current Coats inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Coats?
As of October 2026, UMe tracks 2 active assumable listings in Coats. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Coats?
Current Coats inventory breaks down as FHA (2, median 5.60%). 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 Coats?
The lowest rate on an active Coats assumable listing is 5.20%, and the median across all 2 listings is 5.60%. 0 listings are under 4% and 0 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 Coats?
Across current Coats listings, the median principal-and-interest payment on the assumable loan is $745 per month versus $902 for the same balance at today's rates, a difference of about $157 every month, or $1,884 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 Coats?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Coats that gap is currently a median of $236,827 on a median list price of $312,500. 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 Coats ZIP codes have the most assumable homes?
The Coats ZIP codes with the most active assumable listings are 27521 (2). 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 Coats?
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 North Carolina More assumable homesin North Carolina.
Ready when you are
Stop overpaying for Coats.The rate is already on the house.
Every listing on the Coats map has a rate you can take over. Start with the ones in Coats, get pre-qualified in minutes, and let UMe carry the assumption to closing.
