FHA
Active
33$288,900$56,880 down
- Rate
- 2.94%
7.03%today- Payment
- $1,101/mo
$1,755today
- 3beds
- 2baths
- 1,340sqft
Waconia, Minnesota
Assumable homes for salein Waconia, Minnesota.
8 homes in Waconia carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 3.55%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Waconia assumable market
by the numbers.
8active assumable listings
3.55%lowest locked rate
$445kmedian list price
$725saved per month vs. 7.2%
About the market
Assumable mortgagesin Waconia, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Minnesota, filtered to Waconia. Updated September 2026.
How assumptions work for buyersWaconia, Minnesota has 8 homes for sale with an assumable mortgage as of September 2026: 8 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 Waconia assumable listings start at 3.55% with a median of 5.25%; 2 listings are under 4% and 2 are under 5%.
The median assumable home in Waconia lists for $444,990, with a median of $444,990 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 $1,318 a month versus $2,043 for the same balance at today's rate, roughly $725 kept every month and $8,705 a year. The most active Waconia ZIP codes are 55387 (8).
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 Waconia assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Waconia
View all 8 on the map Homes on the marketin Waconia.
FHA
Active
76$550,000$216,382 down
- Rate
- 2.87%
7.03%today- Payment
- $1,553/mo
$2,499today
- 3beds
- 2baths
- 1,810sqft
4305 Cottagewood Court, Excelsior
FHA
Active
70$357,927$92,903 down
- Rate
- 3.55%
7.03%today- Payment
- $1,318/mo
$1,946today
- 4beds
- 2baths
- 2,420sqft
257 Orange Street, Waconia
VA
Active
54$499,900$317,900 down
- Rate
- 2.86%
7.03%today- Payment
- $1,025/mo
$1,556today
- 5beds
- 4baths
- 2,711sqft
8549 Woodland Curve, Saint Bonifacius
FHA
Active
50$589,900$261,677 down
- Rate
- 2.97%
7.03%today- Payment
- $1,569/mo
$2,493today
- 3beds
- 2baths
- 1,924sqft
16680 County Road 40, Carver
FHA
Active
58$535,000$311,472 down
- Rate
- 3.80%
7.03%today- Payment
- $1,556/mo
$2,228today
- 4beds
- 4baths
- 3,550sqft
3985 Games Drive, Minnetrista
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 Waconia.
Live counts from the MLS feeds we index for Minnesota. Updated September 2026.
- Active listings
- 8
- UMe Certified / verified
- 0
- Lowest rate
- 3.55%
- Median rate
- 5.25%
- Median list price
- $444,990
- Median cash to assume
- $444,990
Waconia listings by locked rate
- Under 4%2 homes
- 4% – 5%0 homes
- 5% – 6%5 homes
- 6% and up1 home
Waconia listings by loan type
- FHA8 homesmedian 5.25%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Waconia ZIP code.
Each ZIP opens the Waconia map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Waconia numbers
What an assumable ratedoes to a Waconia payment.
The sliders start at the median Waconia assumable listing: $444,990 list price and a 5.25% 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)$395,000
89% 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 Waconia
$294/mo
New loan at 7.20%$339
Assumed at 5.25%
$294
Every month$45
Over five years$2,719
Interest you never pay$30,43026-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 Waconia listing on UMe shows the actual balance, rate, and payment.
How it works in Waconia
How to assumea mortgage in Waconia.
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 Waconia home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Waconia 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 $444,990 in Waconia 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 Waconia payment written in a different decade.
Waconia questions
Assuming a mortgagein Waconia.
The numbers below come from current Waconia inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Waconia?
As of September 2026, UMe tracks 8 active assumable listings in Waconia. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Waconia?
Current Waconia inventory breaks down as FHA (8, median 5.25%). 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 Waconia?
The lowest rate on an active Waconia assumable listing is 3.55%, and the median across all 8 listings is 5.25%. 2 listings are under 4% and 2 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 Waconia?
Across current Waconia listings, the median principal-and-interest payment on the assumable loan is $1,318 per month versus $2,043 for the same balance at today's rates, a difference of about $725 every month, or $8,705 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 Waconia?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Waconia that gap is currently a median of $444,990 on a median list price of $444,990. 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 Waconia ZIP codes have the most assumable homes?
The Waconia ZIP codes with the most active assumable listings are 55387 (8). 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 Waconia?
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 Waconia.The rate is already on the house.
Every listing on the Waconia map has a rate you can take over. Start with the ones in Waconia, get pre-qualified in minutes, and let UMe carry the assumption to closing.
