2.75% FHA
$335,000
$1,520/mo
5197 PEBBLE BEACH Boulevard
Winter Haven, FL
2 bd2 ba1,677 sqft
Lake Wales, Florida
Keep the rate.
Buy the home in Lake Wales.
18 assumable homes for sale in Lake Wales, with locked rates from 2.80%. Take over the seller’s existing FHA, VA, or USDA loan instead of financing at today’s 7.2%.
Median assumable rate
6.34%
vs 7.2% market
$298/mo saved
Median locked rate
6.34%
Across 18 assumable listings
Typical monthly savings
$298
On a $272,495 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 Wales
Homes with a rate worth keeping
3.08% VA
$369,500
$1,456/mo
4496 STRATHMORE Drive
Lake Wales, FL
3 bd2 ba2,312 sqft
3.14% FHA
$275,000
$1,136/mo
1042 CORSO DR
Winter Haven, FL
3 bd2 ba1,730 sqft
3.76% VA
$279,900
$1,455/mo
851 VIENNA Drive
Winter Haven, FL
3 bd2 ba1,569 sqft
2.83% FHA
$255,000
$915/mo
1741 CANAAN LOOP
Dundee, FL
3 bd2 ba1,563 sqft
2.97% FHA
$269,000
$940/mo
153 BROWNING CIR
Winter Haven, FL
3 bd2 ba1,144 sqft
Inventory snapshot
What’s assumable in Lake Wales right now
Live counts from the MLS feeds we index for Florida. Updated September 2026.
- Active listings
- 18
- Certified / verified
- 0
- Lowest rate
- 2.80%
- Median rate
- 6.34%
- Median list price
- $272,495
- Median cash to assume
- $30,203
Listings by locked rate
- Under 4%5 homes
- 4% – 5%1 home
- 5% – 6%2 homes
- 6% and up10 homes
Listings by loan type
- FHA14 homesmedian 6.50%
- VA4 homesmedian 3.02%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homes by Lake Wales ZIP code
Nearby markets
More assumable homes in Florida
- Orlando204
- Kissimmee194
- Tampa171
- Ocala143
- Davenport105
- Riverview93
- St. Petersburg82
- St. Cloud81
- Lakeland76
- Gainesville75
- Winter Haven73
- 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 Wales.
A 7.2% new loan against an assumable one at 6.34%, same balance, 30 years.
You keep every month
$124/mo
Over a year$1,483
Monthly payment, side by side
7.2% vs 6.34%
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 Wales
Numbers below come from current Lake Wales inventory and update as listings change.
- How many assumable homes are for sale in Lake Wales?
- As of September 2026, UMe tracks 18 active assumable listings in Lake Wales. 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 Wales?
- Current Lake Wales inventory breaks down as FHA (14, median 6.50%) and VA (4, median 3.02%). 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 Wales right now?
- The lowest rate on an active Lake Wales assumable listing is 2.80%, and the median across all 18 listings is 6.34%. 5 listings are under 4% and 6 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 Lake Wales?
- Across current Lake Wales listings, the median principal-and-interest payment on the assumable loan is $1,456 per month versus $1,754 for the same balance at today's rates, a difference of about $298 every month, or $3,576 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 Wales?
- When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Lake Wales that gap is currently a median of $30,203 on a median list price of $272,495. 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 Wales ZIP codes have the most assumable homes?
- The Lake Wales ZIP codes with the most active assumable listings are 33853 (6), 33859 (6), and 33898 (6). 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 Wales?
- 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 Wales.
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.
