FHA
Active
35$384,900$67,504 down
- Rate
- 2.84%
7.03%today- Payment
- $1,472/mo
$2,378today
- 6beds
- 2baths
- 2,376sqft
Bloomington, Minnesota
Assumable homes for salein Bloomington, Minnesota.
6 homes in Bloomington 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
Bloomington assumable market
by the numbers.
6active assumable listings
2.87%lowest locked rate
$290kmedian list price
$721saved per month vs. 7.2%
About the market
Assumable mortgagesin Bloomington, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Minnesota, filtered to Bloomington. Updated September 2026.
How assumptions work for buyersBloomington, Minnesota has 6 homes for sale with an assumable mortgage as of September 2026: 5 FHA loans and 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 Bloomington assumable listings start at 2.87% with a median of 3.51%; 5 listings are under 4% and 5 are under 5%.
The median assumable home in Bloomington lists for $289,950, with a median of $99,060 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 $1,097 a month versus $1,818 for the same balance at today's rate, roughly $721 kept every month and $8,653 a year. The most active Bloomington ZIP codes are 55420 (2), 55431 (2), 55437 (1), and 55438 (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 Bloomington assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Bloomington
View all 6 on the map Homes on the marketin Bloomington.
FHA
Active
46$370,000$59,377 down
- Rate
- 2.88%
7.03%today- Payment
- $1,447/mo
$2,326today
- 4beds
- 3baths
- 2,313sqft
7520 Blaisdell Avenue, Richfield
FHA
Active
25$339,000$64,944 down
- Rate
- 3.06%
7.03%today- Payment
- $1,314/mo
$2,064today
- 4beds
- 2baths
- 1,920sqft
3327 Oakland Avenue, Minneapolis
FHA
Active
59$519,900$122,073 down
- Rate
- 2.25%
7.03%today- Payment
- $1,726/mo
$3,014today
- 6beds
- 2baths
- 2,384sqft
409 6th Street, Minneapolis
VA
Active
24$270,000$57,271 down
- Rate
- 2.87%
7.03%today- Payment
- $992/mo
$1,597today
- 3beds
- 3baths
- 1,760sqft
1005 105th Street, Bloomington
FHA
Active
16$234,900$44,051 down
- Rate
- 2.90%
7.03%today- Payment
- $885/mo
$1,419today
- 3beds
- 3baths
- 1,417sqft
2711 14th Avenue, Minneapolis
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 Bloomington.
Live counts from the MLS feeds we index for Minnesota. Updated September 2026.
- Active listings
- 6
- UMe Certified / verified
- 0
- Lowest rate
- 2.87%
- Median rate
- 3.51%
- Median list price
- $289,950
- Median cash to assume
- $99,060
Bloomington listings by locked rate
- Under 4%5 homes
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up1 home
Bloomington listings by loan type
- FHA5 homesmedian 3.87%
- VA1 homemedian 2.87%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Bloomington ZIP code.
Each ZIP opens the Bloomington map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Bloomington numbers
What an assumable ratedoes to a Bloomington payment.
The sliders start at the median Bloomington assumable listing: $289,950 list price and a 3.51% 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)$100,000
34% 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 Bloomington
$928/mo
New loan at 7.20%$1,290
Assumed at 3.50%
$928
Every month$361
Over five years$21,681
Interest you never pay$174,64826-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 Bloomington listing on UMe shows the actual balance, rate, and payment.
How it works in Bloomington
How to assumea mortgage in Bloomington.
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 Bloomington home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Bloomington 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 $99,060 in Bloomington 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 Bloomington payment written in a different decade.
Bloomington questions
Assuming a mortgagein Bloomington.
The numbers below come from current Bloomington inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Bloomington?
As of September 2026, UMe tracks 6 active assumable listings in Bloomington. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Bloomington?
Current Bloomington inventory breaks down as FHA (5, median 3.87%) and VA (1, median 2.87%). 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 Bloomington?
The lowest rate on an active Bloomington assumable listing is 2.87%, and the median across all 6 listings is 3.51%. 5 listings are under 4% and 5 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 Bloomington?
Across current Bloomington listings, the median principal-and-interest payment on the assumable loan is $1,097 per month versus $1,818 for the same balance at today's rates, a difference of about $721 every month, or $8,653 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 Bloomington?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Bloomington that gap is currently a median of $99,060 on a median list price of $289,950. 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 Bloomington ZIP codes have the most assumable homes?
The Bloomington ZIP codes with the most active assumable listings are 55420 (2), 55431 (2), 55437 (1), and 55438 (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 Bloomington?
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 Minnesota More assumable homesin Minnesota.
Ready when you are
Stop overpaying for Bloomington.The rate is already on the house.
Every listing on the Bloomington map has a rate you can take over. Start with the ones in Bloomington, get pre-qualified in minutes, and let UMe carry the assumption to closing.
