Smithfield, North Carolina
Assumable homes for salein Smithfield, North Carolina.
14 homes in Smithfield carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 2.87%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Smithfield assumable market
by the numbers.
Assumable mortgagesin Smithfield, explained.
Every number on this page comes from the live MLS feeds UMe indexes for North Carolina, filtered to Smithfield. Updated October 2026.
How assumptions work for buyersSmithfield, North Carolina has 14 homes for sale with an assumable mortgage as of October 2026: 8 VA loans and 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 Smithfield assumable listings start at 2.87% with a median of 6.42%; 2 listings are under 4% and 3 are under 5%.
The median assumable home in Smithfield lists for $364,950, with a median of $69,860 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 $1,664 a month versus $1,813 for the same balance at today's rate, roughly $149 kept every month and $1,786 a year. The most active Smithfield ZIP codes are 27577 (14).
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 Smithfield assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Homes on the marketin Smithfield.
No verified listings in Smithfield yet.
New assumable listings land every week across North Carolina. Search the full map, or save a Smithfield search and we’ll email you the moment one appears.
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.
What’s in the mixin Smithfield.
Live counts from the MLS feeds we index for North Carolina. Updated October 2026.
- Active listings
- 14
- UMe Certified / verified
- 0
- Lowest rate
- 2.87%
- Median rate
- 6.42%
- Median list price
- $364,950
- Median cash to assume
- $69,860
Smithfield listings by locked rate
- Under 4%2 homes
- 4% – 5%1 home
- 5% – 6%2 homes
- 6% and up9 homes
Smithfield listings by loan type
- VA8 homesmedian 6.62%
- FHA6 homesmedian 6.25%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
Assumable homesby Smithfield ZIP code.
Each ZIP opens the Smithfield map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
What an assumable ratedoes to a Smithfield payment.
The sliders start at the median Smithfield assumable listing: $364,950 list price and a 6.42% 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.
19% of the price. Eligible buyers can start with as little as 5% down using a second loan for the rest.
Estimates for illustration. The real numbers depend on the loan, the servicer, and your qualification; every Smithfield listing on UMe shows the actual balance, rate, and payment.
How to assumea mortgage in Smithfield.
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 Smithfield home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Smithfield 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 $69,860 in Smithfield 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 Smithfield payment written in a different decade.
Assuming a mortgagein Smithfield.
The numbers below come from current Smithfield inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Smithfield?
As of October 2026, UMe tracks 14 active assumable listings in Smithfield. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Smithfield?
Current Smithfield inventory breaks down as VA (8, median 6.62%) and FHA (6, median 6.25%). 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 Smithfield?
The lowest rate on an active Smithfield assumable listing is 2.87%, and the median across all 14 listings is 6.42%. 2 listings are under 4% and 3 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 Smithfield?
Across current Smithfield listings, the median principal-and-interest payment on the assumable loan is $1,664 per month versus $1,813 for the same balance at today's rates, a difference of about $149 every month, or $1,786 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 Smithfield?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Smithfield that gap is currently a median of $69,860 on a median list price of $364,950. 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 Smithfield ZIP codes have the most assumable homes?
The Smithfield ZIP codes with the most active assumable listings are 27577 (14). 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 Smithfield?
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.
More assumable homesin North Carolina.
Stop overpaying for Smithfield.The rate is already on the house.
Every listing on the Smithfield map has a rate you can take over. Start with the ones in Smithfield, get pre-qualified in minutes, and let UMe carry the assumption to closing.
