3.08% FHA
$269,999
$544/mo
1511 FRINGE Street
Lake Placid, FL
3 bd2 ba1,232 sqft
Lake Placid, Florida
Keep the rate.
Buy the home in Lake Placid.
3 assumable homes for sale in Lake Placid, with locked rates from 3.08%. Take over the seller’s existing FHA, VA, or USDA loan instead of financing at today’s 7.2%.
Median assumable rate
6.60%
vs 7.2% market
$216/mo saved
Median locked rate
6.60%
Across 3 assumable listings
Typical monthly savings
$216
On a $294,500 home vs 7.2%
Certified listings
0
Loan terms confirmed with the listing agent
Loan types
FHA · VA
Government-backed loans are assumable by law
Verified in Lake Placid
Homes with a rate worth keeping
3.75% FHA
$559,900
$982/mo
1502 LAKE JOSEPHINE Drive
Sebring, FL
3 bd2 ba2,721 sqft
6.89% FHA
$450,000
$2,711/mo
4123 MANDARIN Road
Sebring, FL
2 bd2 ba1,120 sqft
6.89% FHA
$450,000
$2,711/mo
4123 MANDARIN Road
Sebring, FL
2 bd2 ba1,120 sqft
6.77% VA
$639,000
$3,688/mo
186 MANDOLIN Drive
Lake Placid, FL
3 bd3 ba2,226 sqft
6.60% FHA
$294,500
$2,226/mo
30 PLACID OAKS Drive
Lake Placid, FL
3 bd3 ba2,565 sqft
Inventory snapshot
What’s assumable in Lake Placid right now
Live counts from the MLS feeds we index for Florida. Updated August 2026.
- Active listings
- 3
- Certified / verified
- 0
- Lowest rate
- 3.08%
- Median rate
- 6.60%
- Median list price
- $294,500
- Median cash to assume
- $121,000
Listings by locked rate
- Under 4%1 home
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up2 homes
Listings by loan type
- FHA2 homesmedian 4.84%
- VA1 homemedian 6.77%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homes by Lake Placid ZIP code
Nearby markets
More assumable homes in Florida
- Orlando204
- Kissimmee194
- Tampa171
- Ocala143
- Davenport105
- Riverview93
- St. Petersburg82
- St. Cloud81
- Lakeland76
- Gainesville75
- Winter Haven74
- Spring Hill67
- Haines City61
- Deltona52
- Wesley Chapel50
- Zephyrhills49
- Palm Coast46
- Clermont45
- Port Charlotte45
- Land O'Lakes43
- New Port Richey43
- Sanford37
- Apopka36
- Bradenton36
Run your numbers
The cost of waiting in Lake Placid.
A 7.2% new loan against an assumable one at 6.60%, same balance, 30 years.
You keep every month
$95/mo
Over a year$1,136
Monthly payment, side by side
7.2% vs 6.60%
How an assumption works
Three steps. One lower payment.
You’re not applying for a new mortgage. You’re stepping into one that already exists, at the rate it was written.
- 01
Find a locked rate
Every listing here carries an existing FHA, VA, or USDA loan you can take over. Filter by rate, payment, or down payment.
- 02
Qualify with the servicer
You apply with the current lender, not a new one. Our team handles the paperwork and the timeline.
- 03
Close and keep the rate
The seller’s balance, rate, and remaining term become yours. No points, no rate shopping, no reset to 30 years.
Questions
Assuming a mortgage in Lake Placid
Numbers below come from current Lake Placid inventory and update as listings change.
- How many assumable homes are for sale in Lake Placid?
- As of August 2026, UMe tracks 3 active assumable listings in Lake Placid. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
- What types of assumable loans are available in Lake Placid?
- Current Lake Placid inventory breaks down as FHA (2, median 4.84%) and VA (1, median 6.77%). 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 Lake Placid right now?
- The lowest rate on an active Lake Placid assumable listing is 3.08%, and the median across all 3 listings is 6.60%. 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 Lake Placid?
- Across current Lake Placid listings, the median principal-and-interest payment on the assumable loan is $2,226 per month versus $2,442 for the same balance at today's rates, a difference of about $216 every month, or $2,590 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 Lake Placid?
- When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Lake Placid that gap is currently a median of $121,000 on a median list price of $294,500. 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 Lake Placid ZIP codes have the most assumable homes?
- The Lake Placid ZIP codes with the most active assumable listings are 33852 (3). 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 Lake Placid?
- 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 Lake Placid.
Every listing on the map has a rate you can take over. Start with the ones in Florida, or list your own low-rate loan and let buyers come to you.
