FHA
Active
28$269,900$103,269 down
- Rate
- 2.94%
7.03%today- Payment
- $801/mo
$1,278today
- 2beds
- 2baths
- 1,616sqft
Rice, Minnesota
Assumable homes for salein Rice, Minnesota.
2 homes in Rice carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 2.39%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Rice assumable market
by the numbers.
2active assumable listings
2.39%lowest locked rate
$1,099kmedian list price
$424saved per month vs. 7.2%
About the market
Assumable mortgagesin Rice, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Minnesota, filtered to Rice. Updated September 2026.
How assumptions work for buyersRice, Minnesota has 2 homes for sale with an assumable mortgage as of September 2026: 2 VA 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 Rice assumable listings start at 2.39% with a median of 4.45%; 1 listing is under 4% and 1 is under 5%.
The median assumable home in Rice lists for $1,099,450, with a median of $655,855 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 $2,870 a month versus $3,293 for the same balance at today's rate, roughly $424 kept every month and $5,085 a year. The most active Rice ZIP codes are 56367 (2).
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 Rice assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Rice
View all 2 on the map Homes on the marketin Rice.
VA
Active
34$284,900$84,430 down
- Rate
- 2.87%
7.03%today- Payment
- $933/mo
$1,501today
- 3beds
- 2baths
- 1,718sqft
1670 Peach Court, Sauk Rapids
VA
Active
44$557,000$203,132 down
- Rate
- 2.96%
7.03%today- Payment
- $1,671/mo
$2,658today
- 4beds
- 4baths
- 3,338sqft
3408 Old Creek Way, Sauk Rapids
VA
Active
56$539,900$185,945 down
- Rate
- 3.23%
7.03%today- Payment
- $1,772/mo
$2,724today
- 4beds
- 4baths
- 3,460sqft
850 Meadowlawn Court, Sartell
VA
Active
40$599,900$523,570 down
- Rate
- 2.39%
7.03%today- Payment
- $525/mo
$777today
- 4beds
- 4baths
- 4,144sqft
8555 1st Avenue, Rice
VA
Active
39$499,000$304,359 down
- Rate
- 2.39%
7.03%today- Payment
- $1,853/mo
$2,521today
- 5beds
- 4baths
- 3,360sqft
2312 Wyoming Court, Sartell
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 Rice.
Live counts from the MLS feeds we index for Minnesota. Updated September 2026.
- Active listings
- 2
- UMe Certified / verified
- 0
- Lowest rate
- 2.39%
- Median rate
- 4.45%
- Median list price
- $1,099,450
- Median cash to assume
- $655,855
Rice listings by locked rate
- Under 4%1 home
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up1 home
Rice listings by loan type
- VA2 homesmedian 4.45%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Rice ZIP code.
Each ZIP opens the Rice map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Rice numbers
What an assumable ratedoes to a Rice payment.
The sliders start at the median Rice assumable listing: $1,099,450 list price and a 4.45% 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)$655,000
60% 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 Rice
$2,409/mo
New loan at 7.20%$3,021
Assumed at 4.45%
$2,409
Every month$611
Over five years$36,671
Interest you never pay$335,67926-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 Rice listing on UMe shows the actual balance, rate, and payment.
How it works in Rice
How to assumea mortgage in Rice.
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 Rice home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Rice 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 $655,855 in Rice 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 Rice payment written in a different decade.
Rice questions
Assuming a mortgagein Rice.
The numbers below come from current Rice inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Rice?
As of September 2026, UMe tracks 2 active assumable listings in Rice. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Rice?
Current Rice inventory breaks down as VA (2, median 4.45%). 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 Rice?
The lowest rate on an active Rice assumable listing is 2.39%, and the median across all 2 listings is 4.45%. 1 listing is under 4% and 1 is under 5%, compared with roughly 7.2% for a new 30-year loan today.
How much can I save with a mortgage assumption in Rice?
Across current Rice listings, the median principal-and-interest payment on the assumable loan is $2,870 per month versus $3,293 for the same balance at today's rates, a difference of about $424 every month, or $5,085 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 Rice?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Rice that gap is currently a median of $655,855 on a median list price of $1,099,450. 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 Rice ZIP codes have the most assumable homes?
The Rice ZIP codes with the most active assumable listings are 56367 (2). 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 Rice?
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 Rice.The rate is already on the house.
Every listing on the Rice map has a rate you can take over. Start with the ones in Rice, get pre-qualified in minutes, and let UMe carry the assumption to closing.
