Assumable homes for sale in Luverne, MN

3 homesFHA & VA loansrates from 3.08% vs 7.03% today

Luverne assumption guide

420 Freeman Avenue, Luverne, MN, 56156 — assumable FHA mortgage at 3.08%

FHA

Active

$229,900$64,921 down

Rate: 3.08%; ~~7.03%~~today
Payment: $795/mo; ~~$1,245~~today

4beds
2baths
2,415sqft

420 Freeman Avenue, Luverne

920 Spring Street, Luverne, MN, 56156 — assumable VA mortgage at 3.81%

Active

$215,000$100,228 down

Rate: 3.81%; ~~7.03%~~today
Payment: $657/mo; ~~$940~~today

3beds
2baths
1,899sqft

920 Spring Street, Luverne

1018 Elm Street, Luverne, MN, 56156 — assumable FHA mortgage at 6.65%

FHA

Active

$210,000$33,874 down

Rate: 6.65%; ~~7.03%~~today
Payment: $1,146/mo; ~~$1,192~~today

2beds
1baths
1,204sqft

1018 Elm Street, Luverne

Assuming a mortgage in Luverne

An assumable mortgage lets you buy the home and take over the seller’s existing FHA, VA or USDA loan—its rate, balance and remaining term included. Each listing above shows the existing rate and payment next to what the same loan would cost at today’s rates (about 7.03%), so you can see the saving before you tour.

Lowest existing rate: 3.08%
Lowest existing payment: $657 /mo
Median cash to assume: $64,921