FHA
Active
7$270,000$96,734 equity gap
- Rate
- 2.99%
7.40%today- Payment
- $823/mo
$1,353today
- 4beds
- 3baths
- 1,344sqft
Monroe, Tennessee
Assumable homes for salein Monroe, Tennessee.
1 home in Monroe carries an existing FHA, VA, or USDA loan you can take over, with locked rates from 6.95%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Monroe assumable market
by the numbers.
1active assumable listing
6.95%lowest locked rate
$1,100kmedian list price
$165saved per month vs. 7.2%
About the market
Assumable mortgagesin Monroe, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Tennessee, filtered to Monroe. Updated September 2026.
How assumptions work for buyersMonroe, Tennessee has 1 home for sale with an assumable mortgage as of September 2026: 1 FHA 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 Monroe assumable listings start at 6.95% with a median of 6.95%; 0 listings are under 4% and 0 are under 5%.
The median assumable home in Monroe lists for $1,099,929, with a median of $689,587 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 $2,833 a month versus $2,999 for the same balance at today's rate, roughly $165 kept every month and $1,985 a year. The most active Monroe ZIP codes are 38573 (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 Monroe assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Monroe
View all 1 on the map Homes on the marketin Monroe.
VA
Active
38$405,900$312,678 equity gap
- Rate
- 4.01%
7.40%today- Payment
- $577/mo
$835today
- 3beds
- 2baths
- 1,638sqft
2169 Iris Ln, Rickman
VA
Active
27$242,900$11,459 equity gap
- Rate
- 6.19%
7.40%today- Payment
- $1,429/mo
$1,617today
- 3beds
- 1baths
- 1,008sqft
132 Petalbrook Ln, Livingston
VA
Active
41$429,929$47,083 equity gap
- Rate
- 6.32%
7.40%today- Payment
- $2,481/mo
$2,769today
- 3beds
- 3baths
- 3,005sqft
254 Sherwood Forest Rd, Livingston
FHA
Active
43$389,000$60,212 equity gap
- Rate
- 6.71%
7.40%today- Payment
- $2,202/mo
$2,360today
- 3beds
- 2baths
- 1,773sqft
108 Crestview Ln, Livingston
FHA
Active
30$1,099,929$689,587 equity gap
- Rate
- 6.95%
7.40%today- Payment
- $2,833/mo
$2,964today
- 4beds
- 4baths
- 4,302sqft
7240 Hook Ridge Rd, Monroe
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 Monroe.
Live counts from the MLS feeds we index for Tennessee. Updated September 2026.
- Active listings
- 1
- UMe Certified / verified
- 0
- Lowest rate
- 6.95%
- Median rate
- 6.95%
- Median list price
- $1,099,929
- Median cash to assume
- $689,587
Monroe listings by locked rate
- Under 4%0 homes
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up1 home
Monroe listings by loan type
- FHA1 homemedian 6.95%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Monroe ZIP code.
Each ZIP opens the Monroe map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Monroe numbers
What an assumable ratedoes to a Monroe payment.
The sliders start at the median Monroe assumable listing: $1,099,929 list price and a 6.95% 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)$690,000
63% 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 Monroe
$2,844/mo
New loan at 7.20%$2,783
Assumed at 6.95%
$2,844
Every month$0
Over five years$0
Interest you never pay$114,61826-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 Monroe listing on UMe shows the actual balance, rate, and payment.
How it works in Monroe
How to assumea mortgage in Monroe.
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 Monroe home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Monroe 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 $689,587 in Monroe 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 Monroe payment written in a different decade.
Monroe questions
Assuming a mortgagein Monroe.
The numbers below come from current Monroe inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Monroe?
As of September 2026, UMe tracks 1 active assumable listing in Monroe. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Monroe?
Current Monroe inventory breaks down as FHA (1, median 6.95%). 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 Monroe?
The lowest rate on an active Monroe assumable listing is 6.95%, and the median across all 1 listing is 6.95%. 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 Monroe?
Across current Monroe listings, the median principal-and-interest payment on the assumable loan is $2,833 per month versus $2,999 for the same balance at today's rates, a difference of about $165 every month, or $1,985 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 Monroe?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Monroe that gap is currently a median of $689,587 on a median list price of $1,099,929. 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 Monroe ZIP codes have the most assumable homes?
The Monroe ZIP codes with the most active assumable listings are 38573 (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 Monroe?
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 Monroe.The rate is already on the house.
Every listing on the Monroe map has a rate you can take over. Start with the ones in Monroe, get pre-qualified in minutes, and let UMe carry the assumption to closing.
