2.94% FHA
$288,900
$1,101/mo
1411 Riverpointe Road
Watertown, MN
3 bd2 ba1,340 sqft
Watertown, Minnesota
Keep the rate.
Buy the home in Watertown.
2 assumable homes for sale in Watertown, with locked rates from 2.94%. Take over the seller’s existing FHA, VA, or USDA loan instead of financing at today’s 7.2%.
Median assumable rate
4.24%
vs 7.2% market
$560/mo saved
Median locked rate
4.24%
Across 2 assumable listings
Typical monthly savings
$560
On a $318,950 home vs 7.2%
Certified listings
0
Loan terms confirmed with the listing agent
Loan types
FHA
Government-backed loans are assumable by law
Verified in Watertown
Homes with a rate worth keeping
3.76% FHA
$244,900
$1,073/mo
106 Garner Circle
Montrose, MN
3 bd2 ba1,584 sqft
2.74% FHA
$525,000
$1,699/mo
9142 Woodland Drive
Saint Bonifacius, MN
3 bd4 ba3,083 sqft
2.96% VA
$340,000
$1,038/mo
608 Dillon Avenue
Montrose, MN
5 bd2 ba2,076 sqft
2.25% FHA
$380,000
$986/mo
3481 Feldman Avenue
Buffalo, MN
2 bd2 ba1,628 sqft
2.94% VA
$319,900
$911/mo
207 Dresden Alcove
Waverly, MN
3 bd2 ba1,618 sqft
Inventory snapshot
What’s assumable in Watertown right now
Live counts from the MLS feeds we index for Minnesota. Updated September 2026.
- Active listings
- 2
- Certified / verified
- 0
- Lowest rate
- 2.94%
- Median rate
- 4.24%
- Median list price
- $318,950
- Median cash to assume
- $67,834
Listings by locked rate
- Under 4%1 home
- 4% – 5%0 homes
- 5% – 6%1 home
- 6% and up0 homes
Listings by loan type
- FHA2 homesmedian 4.24%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homes by Watertown ZIP code
Nearby markets
More assumable homes in Minnesota
- Minneapolis94
- Saint Paul93
- Rosemount38
- Moorhead29
- Farmington28
- Woodbury26
- Owatonna25
- Rochester23
- Lakeville22
- Shakopee22
- Cottage Grove19
- Oakdale18
- Ramsey16
- Elk River15
- Faribault15
- Mankato15
- Brooklyn Park14
- Big Lake13
- Andover12
- Apple Valley12
- Brainerd12
- Burnsville12
- Ada
- Adams
Run your numbers
The cost of waiting in Watertown.
A 7.2% new loan against an assumable one at 4.24%, same balance, 30 years.
You keep every month
$480/mo
Over a year$5,758
Monthly payment, side by side
7.2% vs 4.24%
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 Watertown
Numbers below come from current Watertown inventory and update as listings change.
- How many assumable homes are for sale in Watertown?
- As of September 2026, UMe tracks 2 active assumable listings in Watertown. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
- What types of assumable loans are available in Watertown?
- Current Watertown inventory breaks down as FHA (2, median 4.24%). 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 Watertown right now?
- The lowest rate on an active Watertown assumable listing is 2.94%, and the median across all 2 listings is 4.24%. 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 Watertown?
- Across current Watertown listings, the median principal-and-interest payment on the assumable loan is $1,376 per month versus $1,936 for the same balance at today's rates, a difference of about $560 every month, or $6,718 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 Watertown?
- When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Watertown that gap is currently a median of $67,834 on a median list price of $318,950. 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 Watertown ZIP codes have the most assumable homes?
- The Watertown ZIP codes with the most active assumable listings are 55388 (2). 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 Watertown?
- 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 Watertown.
Every listing on the map has a rate you can take over. Start with the ones in Minnesota, or list your own low-rate loan and let buyers come to you.
