FHA
Active
$189,900$67,207 equity gap
- Rate
- 3.01%
7.40%today- Payment
- $580/mo
$951today
- 2beds
- 1baths
- 816sqft
Madisonville, Tennessee
Assumable homes for salein Madisonville, Tennessee.
6 homes in Madisonville carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 3.01%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Madisonville assumable market
by the numbers.
6active assumable listings
3.01%lowest locked rate
$322kmedian list price
$224saved per month vs. 7.2%
About the market
Assumable mortgagesin Madisonville, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Tennessee, filtered to Madisonville. Updated October 2026.
How assumptions work for buyersMadisonville, Tennessee has 6 homes for sale with an assumable mortgage as of October 2026: 6 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 Madisonville assumable listings start at 3.01% with a median of 5.83%; 2 listings are under 4% and 2 are under 5%.
The median assumable home in Madisonville lists for $322,450, with a median of $106,765 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 $1,220 a month versus $1,445 for the same balance at today's rate, roughly $224 kept every month and $2,691 a year. The most active Madisonville ZIP codes are 37354 (6).
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 Madisonville assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Madisonville
View all 6 on the map Homes on the marketin Madisonville.
VA
Active
17$265,000$176,553 equity gap
- Rate
- 2.86%
7.40%today- Payment
- $410/mo
$686today
- 3beds
- 2baths
- 1,152sqft
255 County Road 460, Englewood
FHA
Active
26$210,000$92,526 equity gap
- Rate
- 2.88%
7.40%today- Payment
- $561/mo
$936today
- 2beds
- 2baths
- 1,131sqft
114 Chapel Ave, Sweetwater
VA
Active
30$275,000$113,060 equity gap
- Rate
- 2.88%
7.40%today- Payment
- $787/mo
$1,297today
- 3beds
- 2baths
- 2,479sqft
238 Sunnyside Road, Sweetwater
VA
Active
50$254,000$119,956 equity gap
- Rate
- 2.93%
7.40%today- Payment
- $646/mo
$1,070today
- 3beds
- 4baths
- 1,820sqft
404 Ashbury Circle, Sweetwater
FHA
Active
27$359,000$180,353 equity gap
- Rate
- 3.05%
7.40%today- Payment
- $846/mo
$1,381today
- 3beds
- 2baths
- 1,534sqft
206 Heuer St, Sweetwater
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 Madisonville.
Live counts from the MLS feeds we index for Tennessee. Updated October 2026.
- Active listings
- 6
- UMe Certified / verified
- 0
- Lowest rate
- 3.01%
- Median rate
- 5.83%
- Median list price
- $322,450
- Median cash to assume
- $106,765
Madisonville listings by locked rate
- Under 4%2 homes
- 4% – 5%0 homes
- 5% – 6%1 home
- 6% and up3 homes
Madisonville listings by loan type
- FHA6 homesmedian 5.83%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Madisonville ZIP code.
Each ZIP opens the Madisonville map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Madisonville numbers
What an assumable ratedoes to a Madisonville payment.
The sliders start at the median Madisonville assumable listing: $322,450 list price and a 5.83% 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)$105,000
33% 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 Madisonville
$1,343/mo
New loan at 7.20%$1,459
Assumed at 5.85%
$1,343
Every month$117
Over five years$7,011
Interest you never pay$106,50726-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 Madisonville listing on UMe shows the actual balance, rate, and payment.
How it works in Madisonville
How to assumea mortgage in Madisonville.
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 Madisonville home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Madisonville 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 $106,765 in Madisonville 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 Madisonville payment written in a different decade.
Madisonville questions
Assuming a mortgagein Madisonville.
The numbers below come from current Madisonville inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Madisonville?
As of October 2026, UMe tracks 6 active assumable listings in Madisonville. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Madisonville?
Current Madisonville inventory breaks down as FHA (6, median 5.83%). 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 Madisonville?
The lowest rate on an active Madisonville assumable listing is 3.01%, and the median across all 6 listings is 5.83%. 2 listings are under 4% and 2 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 Madisonville?
Across current Madisonville listings, the median principal-and-interest payment on the assumable loan is $1,220 per month versus $1,445 for the same balance at today's rates, a difference of about $224 every month, or $2,691 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 Madisonville?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Madisonville that gap is currently a median of $106,765 on a median list price of $322,450. 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 Madisonville ZIP codes have the most assumable homes?
The Madisonville ZIP codes with the most active assumable listings are 37354 (6). 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 Madisonville?
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 Tennessee More assumable homesin Tennessee.
Ready when you are
Stop overpaying for Madisonville.The rate is already on the house.
Every listing on the Madisonville map has a rate you can take over. Start with the ones in Madisonville, get pre-qualified in minutes, and let UMe carry the assumption to closing.
