2.78% VA
$1,450,000
$6,557/mo
9699 Yoakum Drive
Los Angeles, CA
3 bd2 ba1,841 sqft
Santa Monica, California
Keep the rate.
Buy the home in Santa Monica.
1 assumable home for sale in Santa Monica, with locked rates from 3.00%. Take over the seller’s existing FHA, VA, or USDA loan instead of financing at today’s 7.2%.
Median assumable rate
3.00%
vs 7.2% market
$3,431/mo saved
Median locked rate
3.00%
Across 1 assumable listing
Typical monthly savings
$3,431
On a $2,049,000 home vs 7.2%
Certified listings
0
Loan terms confirmed with the listing agent
Loan types
VA
Government-backed loans are assumable by law
Verified in Santa Monica
Homes with a rate worth keeping
3.45% VA
$679,000
$3,217/mo
5016 Bakman Avenue
North Hollywood, CA
2 bd3 ba1,350 sqft
2.93% FHA
$549,000
$2,282/mo
6405 Green Valley Circle
Culver City, CA
2 bd2 ba1,107 sqft
2.83% VA
$875,000
$2,867/mo
10829 Firmona Avenue
Inglewood, CA
3 bd2 ba1,860 sqft
3.05% FHA
$499,000
$1,629/mo
5515 Canoga Avenue
Woodland Hills, CA
2 bd2 ba1,010 sqft
2.36% FHA
$2,195,000
$2,971/mo
19805 Valley View Drive
Topanga, CA
3 bd3 ba2,312 sqft
Inventory snapshot
What’s assumable in Santa Monica right now
Live counts from the MLS feeds we index for California. Updated September 2026.
- Active listings
- 1
- Certified / verified
- 0
- Lowest rate
- 3.00%
- Median rate
- 3.00%
- Median list price
- $2,049,000
- Median cash to assume
- $963,091
Listings by locked rate
- Under 4%1 home
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up0 homes
Listings by loan type
- VA1 homemedian 3.00%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homes by Santa Monica ZIP code
Nearby markets
More assumable homes in California
- San Diego256
- Los Angeles125
- Chula Vista105
- Victorville98
- Lancaster87
- Hemet82
- Palmdale81
- Murrieta73
- Menifee72
- Temecula64
- Oceanside59
- El Cajon58
- Apple Valley57
- San Bernardino57
- Riverside52
- Lake Elsinore45
- Corona43
- Winchester43
- Hesperia41
- Indio41
- Moreno Valley37
- Beaumont36
- Bakersfield34
- Escondido34
Run your numbers
The cost of waiting in Santa Monica.
A 7.2% new loan against an assumable one at 3.00%, same balance, 30 years.
You keep every month
$4,218/mo
Over a year$50,614
Monthly payment, side by side
7.2% vs 3.00%
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 Santa Monica
Numbers below come from current Santa Monica inventory and update as listings change.
- How many assumable homes are for sale in Santa Monica?
- As of September 2026, UMe tracks 1 active assumable listing in Santa Monica. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
- What types of assumable loans are available in Santa Monica?
- Current Santa Monica inventory breaks down as VA (1, median 3.00%). 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 Santa Monica right now?
- The lowest rate on an active Santa Monica assumable listing is 3.00%, and the median across all 1 listing is 3.00%. 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 Santa Monica?
- Across current Santa Monica listings, the median principal-and-interest payment on the assumable loan is $5,184 per month versus $8,615 for the same balance at today's rates, a difference of about $3,431 every month, or $41,168 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 Santa Monica?
- When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Santa Monica that gap is currently a median of $963,091 on a median list price of $2,049,000. 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 Santa Monica ZIP codes have the most assumable homes?
- The Santa Monica ZIP codes with the most active assumable listings are 90404 (1). 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 Santa Monica?
- 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 Santa Monica.
Every listing on the map has a rate you can take over. Start with the ones in California, or list your own low-rate loan and let buyers come to you.
