FHA
Active
61$299,900$5,496 down
- Rate
- 3.89%
6.95%today- Payment
- $1,513/mo
$2,125today
- 3beds
- 2baths
- 1,649sqft
Deer Island, Florida
Assumable homes for salein Deer Island, Florida.
An assumable mortgage lets you take over a seller’s existing low-rate FHA, VA, or USDA loan instead of financing at today’s 7.2%. These are the ones we verify in Deer Island.
Live MLS data · Updated
Deer Island assumable market
by the numbers.
6active assumable listings
3.13%average locked rate
$324ktypical list price
$648saved per month vs. 7.2%
About the market
Assumable mortgagesin Deer Island, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Florida, filtered to Deer Island. Updated September 2026.
How assumptions work for buyersAs of September 2026, UMe has no verified assumable listings in Deer Island. That changes quickly: assumable homes come on the market every week across Florida as sellers with FHA, VA, and USDA loans written at 2% to 5% decide to move. Save a Deer Island search on the map and we will email you the moment one lands.
An assumable mortgage lets a qualified buyer take over the seller's existing loan, keeping the original rate, balance, and remaining term instead of financing at today's roughly 7.2%. FHA, VA, and USDA loans are assumable by law; conventional loans almost never are. UMe confirms the loan terms with the listing agent, runs the assumption with the servicer, and connects buyers with lenders who write second loans behind an assumption when the seller's equity is more than their cash.
Verified in Deer Island
Homes on the marketin Deer Island.
FHA
Active
21$350,000$54,786 down
- Rate
- 3.45%
6.95%today- Payment
- $1,446/mo
$2,145today
- 4beds
- 4baths
- 2,052sqft
2219 PICO Lane, Mount Dora
VA
Active
42$353,900$80,992 down
- Rate
- 2.84%
6.95%today- Payment
- $1,263/mo
$2,024today
- 4beds
- 2baths
- 1,941sqft
7830 SLOEWOOD Drive, Leesburg
FHA
Active
23$295,000$39,684 down
- Rate
- 2.84%
6.95%today- Payment
- $1,184/mo
$1,898today
- 3beds
- 2baths
- 1,856sqft
115 CRESCENT MOON Drive, Groveland
FHA
Active
26$449,990$124,809 down
- Rate
- 3.05%
6.95%today- Payment
- $1,537/mo
$2,398today
- 4beds
- 3baths
- 2,442sqft
5551 PALOMINO Place, Apopka
FHA
Active
36$195,000$72,811 down
- Rate
- 2.73%
6.95%today- Payment
- $568/mo
$923today
- 3beds
- 3baths
- 1,440sqft
11600 RANCHO Drive, Leesburg
Live MLS collection. Loan balances, payment estimates, and cash-to-assume amounts update with the source listing. Taxes, insurance, HOA, closing costs, and secondary financing may change the final monthly payment.
Run the Deer Island numbers
What an assumable ratedoes to a Deer Island payment.
The sliders start at the median Deer Island assumable listing: $323,965 list price and a 3.13% existing rate. We compare the payment you would take over against financing the same balance with a new loan at today’s 7.20%. Principal and interest only; taxes, insurance, and HOA dues are the same either way.
The gap between price and balance is the seller’s equity: your cash to assume, or what a second loan can help cover.
Cash to assume (seller’s equity)$65,000
20% of the price. Eligible buyers can start with as little as 5% down using a second loan for the rest.
Your monthly payment if you assume in Deer Island
$1,222/mo
New loan at 7.20%$1,765
Assumed at 3.15%
$1,222
Every month$543
Over five years$32,590
Interest you never pay$254,18026-year assumed loan vs. a new 30-year loan
Estimates for illustration. The real numbers depend on the loan, the servicer, and your qualification; every Deer Island listing on UMe shows the actual balance, rate, and payment.
How it works in Deer Island
How to assumea mortgage in Deer Island.
You’re not applying for a new mortgage. You’re stepping into one that already exists, at the rate it was written. Four steps, and UMe owns the hard one.
Start with pre-qualification- 01
Find a Deer Island home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Deer Island map by existing rate, monthly payment, or cash to assume instead of by list price alone.
- 02
Cover the seller’s equity.
You pay the seller the difference between the price and the remaining balance. Cash, a second loan, or seller financing can bridge it.
- 03
Qualify with the servicer, not a new lender.
The current loan servicer reviews your credit, income, and debt just like a lender would. UMe prepares the file, works the servicer directly, and chases every follow-up so the 45-to-90-day timeline holds.
- 04
Close and keep the rate.
The seller’s balance, rate, and remaining term become yours. No points, no origination fee, no reset to 30 years, and a Deer Island payment written in a different decade.
Deer Island questions
Assuming a mortgagein Deer Island.
The numbers below come from current Deer Island inventory and update as listings change.
All assumption FAQsAre there assumable homes for sale in Deer Island?
As of September 2026, there are no verified assumable listings in Deer Island. New assumable homes appear every week across Florida; save a search on the map and we will email you when one lands in Deer Island.
What types of loans can be assumed in Deer Island?
FHA, VA, and USDA mortgages are assumable by law and make up nearly all assumable listings in Florida. Conventional loans usually include a due-on-sale clause and cannot be assumed. You do not need to be a veteran to assume a VA loan.
How long does a mortgage assumption take in Deer Island?
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.
Nearby markets
All of Florida More assumable homesin Florida.
Ready when you are
Stop overpaying for Deer Island.The rate is already on the house.
Every listing on the Deer Island map has a rate you can take over. Start with the ones in Deer Island, get pre-qualified in minutes, and let UMe carry the assumption to closing.
