FHATop pick
Active
42$191,900$15,115 down
- Rate
- 2.93%
7.03%today- Payment
- $823/mo
$1,314today
- 4beds
- 3baths
- 1,864sqft
Iowa · Statewide
Assumable homes for salein Iowa.
1 home in Iowa carries an existing FHA, VA, or USDA loan you can take over, with locked rates from 6.50%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Iowa assumable market
by the numbers.
1active assumable listing
6.50%lowest locked rate
$224kmedian list price
$102saved per month vs. 7.2%
Across Iowa
Assumable homesby Iowa city.
Ranked by live assumable inventory. Every city is its own market page with local listings, rates, ZIP codes, and cash-to-assume figures.
Search all of Iowa on the mapAlso covered in Iowa, no verified assumable listings today:
About the market
Assumable mortgagesin Iowa, explained.
Every number on this page comes from the live MLS feeds UMe indexes across Iowa. Updated September 2026.
How assumptions work for buyersIowa 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 Iowa assumable listings start at 6.50% with a median of 6.50%; 0 listings are under 4% and 0 are under 5%.
The median assumable home in Iowa lists for $224,000, with a median of $75,444 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 $942 a month versus $1,044 for the same balance at today's rate, roughly $102 kept every month and $1,225 a year. The deepest Iowa inventory is in Sibley (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 Iowa assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified across Iowa
View all 1 on the map Homes on the marketacross Iowa.
FHA
Active
39$365,000$51,189 down
- Rate
- 2.77%
7.03%today- Payment
- $1,475/mo
$2,405today
- 3beds
- 2baths
- 1,582sqft
715 Boulder Pass Street, Jordan
VA
Active
29$285,000$40,535 down
- Rate
- 2.87%
7.03%today- Payment
- $1,140/mo
$1,835today
- 3beds
- 2baths
- 1,596sqft
1992 Great Bend Boulevard, Windom
FHA
Active
35$349,900$63,168 down
- Rate
- 2.87%
7.03%today- Payment
- $1,337/mo
$2,152today
- 4beds
- 2baths
- 1,877sqft
805 El Dorado Street, Owatonna
VA
Active
33$235,000$20,864 down
- Rate
- 2.98%
7.03%today- Payment
- $1,011/mo
$1,604today
- 4beds
- 2baths
- 1,354sqft
300 State Street, Belle Plaine
VA
Active
26$399,900$63,587 down
- Rate
- 2.99%
7.03%today- Payment
- $1,579/mo
$2,502today
- 3beds
- 2baths
- 2,077sqft
21233 Independence Avenue, Lakeville
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 Iowa.
Live counts from the MLS feeds we index for Iowa. Updated September 2026.
- Active listings
- 1
- UMe Certified / verified
- 0
- Lowest rate
- 6.50%
- Median rate
- 6.50%
- Median list price
- $224,000
- Median cash to assume
- $75,444
Iowa listings by locked rate
- Under 4%0 homes
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up1 home
Iowa listings by loan type
- FHA1 homemedian 6.50%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
Run the Iowa numbers
What an assumable ratedoes to an Iowa payment.
The sliders start at the median Iowa assumable listing: $224,000 list price and a 6.50% 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)$75,000
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 Iowa
$997/mo
New loan at 7.20%$1,018
Assumed at 6.50%
$997
Every month$21
Over five years$1,248
Interest you never pay$55,36426-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 Iowa listing on UMe shows the actual balance, rate, and payment.
How it works in Iowa
How to assumea mortgage in Iowa.
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 an Iowa home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Iowa 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 $75,444 in Iowa 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 an Iowa payment written in a different decade.
Iowa questions
Assuming a mortgagein Iowa.
The numbers below come from current Iowa inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Iowa?
As of September 2026, UMe tracks 1 active assumable listing in Iowa. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Iowa?
Current Iowa inventory breaks down as FHA (1, median 6.50%). 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 Iowa?
The lowest rate on an active Iowa assumable listing is 6.50%, and the median across all 1 listing is 6.50%. 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 Iowa?
Across current Iowa listings, the median principal-and-interest payment on the assumable loan is $942 per month versus $1,044 for the same balance at today's rates, a difference of about $102 every month, or $1,225 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 Iowa?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Iowa that gap is currently a median of $75,444 on a median list price of $224,000. 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 Iowa cities have the most assumable homes?
The deepest assumable inventory in Iowa is in Sibley (1). Each city has its own page with live counts, rates, and neighborhoods, and the Iowa map lets you search the whole state at once.
How long does a mortgage assumption take in Iowa?
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.
Ready when you are
Stop overpaying for Iowa.The rate is already on the house.
Every listing on the Iowa map has a rate you can take over. Start with the cities holding the deepest inventory, get pre-qualified in minutes, and let UMe carry the assumption to closing.
