FHA
Active
29$329,900$117,672 equity gap
- Rate
- 3.11%
7.40%today- Payment
- $1,008/mo
$1,632today
- 3beds
- 3baths
- 2,003sqft
Killen, Alabama
Assumable homes for salein Killen, Alabama.
1 home in Killen carries an existing FHA, VA, or USDA loan you can take over, with locked rates from 2.96%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Killen assumable market
by the numbers.
1active assumable listing
2.96%lowest locked rate
$700kmedian list price
$1,265saved per month vs. 7.2%
About the market
Assumable mortgagesin Killen, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Alabama, filtered to Killen. Updated August 2026.
How assumptions work for buyersKillen, Alabama has 1 home for sale with an assumable mortgage as of August 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 Killen assumable listings start at 2.96% with a median of 2.96%; 1 listing is under 4% and 1 is under 5%.
The median assumable home in Killen lists for $699,900, with a median of $301,015 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 $1,888 a month versus $3,153 for the same balance at today's rate, roughly $1,265 kept every month and $15,181 a year. The most active Killen ZIP codes are 35645 (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 Killen assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Killen
View all 1 on the map Homes on the marketin Killen.
VA
Active
54$699,900$301,015 equity gap
- Rate
- 2.96%
7.40%today- Payment
- $1,888/mo
$3,116today
- 8beds
- 7baths
- 4,086sqft
1435 County Road 413, Killen
FHA
Active
27$219,000$63,488 equity gap
- Rate
- 4.98%
7.40%today- Payment
- $894/mo
$1,156today
- 3beds
- 2baths
- 1,470sqft
31861 County Road 8, Florence
FHA
Active
30$509,900$44,518 equity gap
- Rate
- 6.81%
7.40%today- Payment
- $3,075/mo
$3,263today
- 6beds
- 4baths
- 3,848sqft
103 East Cv, Florence
FHA
Active
48$185,000$26,087 equity gap
- Rate
- 6.21%
7.40%today- Payment
- $981/mo
$1,108today
- 3beds
- 2baths
- 1,344sqft
109 W 1st St, Iron City
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 Killen.
Live counts from the MLS feeds we index for Alabama. Updated August 2026.
- Active listings
- 1
- UMe Certified / verified
- 0
- Lowest rate
- 2.96%
- Median rate
- 2.96%
- Median list price
- $699,900
- Median cash to assume
- $301,015
Killen listings by locked rate
- Under 4%1 home
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up0 homes
Killen listings by loan type
- VA1 homemedian 2.96%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Killen ZIP code.
Each ZIP opens the Killen map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Killen numbers
What an assumable ratedoes to a Killen payment.
The sliders start at the median Killen assumable listing: $699,900 list price and a 2.96% 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)$300,000
43% 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 Killen
$1,837/mo
New loan at 7.20%$2,715
Assumed at 2.95%
$1,837
Every month$878
Over five years$52,661
Interest you never pay$404,16726-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 Killen listing on UMe shows the actual balance, rate, and payment.
How it works in Killen
How to assumea mortgage in Killen.
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 Killen home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Killen 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 $301,015 in Killen 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 Killen payment written in a different decade.
Killen questions
Assuming a mortgagein Killen.
The numbers below come from current Killen inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Killen?
As of August 2026, UMe tracks 1 active assumable listing in Killen. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Killen?
Current Killen inventory breaks down as VA (1, median 2.96%). 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 Killen?
The lowest rate on an active Killen assumable listing is 2.96%, and the median across all 1 listing is 2.96%. 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 Killen?
Across current Killen listings, the median principal-and-interest payment on the assumable loan is $1,888 per month versus $3,153 for the same balance at today's rates, a difference of about $1,265 every month, or $15,181 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 Killen?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Killen that gap is currently a median of $301,015 on a median list price of $699,900. 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 Killen ZIP codes have the most assumable homes?
The Killen ZIP codes with the most active assumable listings are 35645 (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 Killen?
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.
Ready when you are
Stop overpaying for Killen.The rate is already on the house.
Every listing on the Killen map has a rate you can take over. Start with the ones in Killen, get pre-qualified in minutes, and let UMe carry the assumption to closing.
