FHA
Active
33$249,900$18,841 equity gap
- Rate
- 7.04%
7.40%today- Payment
- $1,568/mo
$1,625today
- 2beds
- 2baths
- 912sqft
Murphy, North Carolina
Assumable homes for salein Murphy, North Carolina.
1 home in Murphy carries an existing FHA, VA, or USDA loan you can take over, with locked rates from 7.04%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Murphy assumable market
by the numbers.
1active assumable listing
7.04%lowest locked rate
$250kmedian list price
$76saved per month vs. 7.2%
About the market
Assumable mortgagesin Murphy, explained.
Every number on this page comes from the live MLS feeds UMe indexes for North Carolina, filtered to Murphy. Updated October 2026.
How assumptions work for buyersMurphy, North Carolina has 1 home for sale with an assumable mortgage as of October 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 Murphy assumable listings start at 7.04% with a median of 7.04%; 0 listings are under 4% and 0 are under 5%.
The median assumable home in Murphy lists for $249,900, with a median of $18,841 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 $1,568 a month versus $1,644 for the same balance at today's rate, roughly $76 kept every month and $918 a year. The most active Murphy ZIP codes are 28906 (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 Murphy assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Murphy
View all 1 on the map Homes on the marketin Murphy.
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 Murphy.
Live counts from the MLS feeds we index for North Carolina. Updated October 2026.
- Active listings
- 1
- UMe Certified / verified
- 0
- Lowest rate
- 7.04%
- Median rate
- 7.04%
- Median list price
- $249,900
- Median cash to assume
- $18,841
Murphy listings by locked rate
- Under 4%0 homes
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up1 home
Murphy listings by loan type
- FHA1 homemedian 7.04%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Murphy ZIP code.
Each ZIP opens the Murphy map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Murphy numbers
What an assumable ratedoes to a Murphy payment.
The sliders start at the median Murphy assumable listing: $249,900 list price and a 7.04% 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)$20,000
8% 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 Murphy
$1,610/mo
New loan at 7.20%$1,561
Assumed at 7.05%
$1,610
Every month$0
Over five years$0
Interest you never pay$59,66926-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 Murphy listing on UMe shows the actual balance, rate, and payment.
How it works in Murphy
How to assumea mortgage in Murphy.
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 Murphy home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Murphy 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 $18,841 in Murphy 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 Murphy payment written in a different decade.
Murphy questions
Assuming a mortgagein Murphy.
The numbers below come from current Murphy inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Murphy?
As of October 2026, UMe tracks 1 active assumable listing in Murphy. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Murphy?
Current Murphy inventory breaks down as FHA (1, median 7.04%). 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 Murphy?
The lowest rate on an active Murphy assumable listing is 7.04%, and the median across all 1 listing is 7.04%. 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 Murphy?
Across current Murphy listings, the median principal-and-interest payment on the assumable loan is $1,568 per month versus $1,644 for the same balance at today's rates, a difference of about $76 every month, or $918 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 Murphy?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Murphy that gap is currently a median of $18,841 on a median list price of $249,900. 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 Murphy ZIP codes have the most assumable homes?
The Murphy ZIP codes with the most active assumable listings are 28906 (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 Murphy?
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 Murphy.The rate is already on the house.
Every listing on the Murphy map has a rate you can take over. Start with the ones in Murphy, get pre-qualified in minutes, and let UMe carry the assumption to closing.
