FHA
Active
48$269,999$157,107 down
- Rate
- 3.08%
6.95%today- Payment
- $544/mo
$845today
- 3beds
- 2baths
- 1,232sqft
Lake Placid, Florida
Assumable homes for salein Lake Placid, Florida.
4 homes in Lake Placid carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 3.08%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Lake Placid assumable market
by the numbers.
4active assumable listings
3.08%lowest locked rate
$282kmedian list price
$219saved per month vs. 7.2%
About the market
Assumable mortgagesin Lake Placid, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Florida, filtered to Lake Placid. Updated September 2026.
How assumptions work for buyersLake Placid, Florida has 4 homes for sale with an assumable mortgage as of September 2026: 3 FHA loans and 1 VA loan that a qualified buyer can take over at the seller's existing rate instead of financing at today's roughly 7.2%. Rates on active Lake Placid assumable listings start at 3.08% with a median of 6.29%; 1 listing is under 4% and 1 is under 5%.
The median assumable home in Lake Placid lists for $282,250, with a median of $85,651 in cash to assume, the gap between the price and the remaining loan balance. At the median assumable rate the principal-and-interest payment is about $1,760 a month versus $1,978 for the same balance at today's rate, roughly $219 kept every month and $2,622 a year. The most active Lake Placid ZIP codes are 33852 (4).
UMe confirms the balance, rate, and assumability of each listing with the listing agent before marking it Certified. FHA, VA, and USDA loans are assumable by law, and you do not need to be a veteran to assume a VA loan. Once you are under contract, the loan servicer underwrites you rather than a new lender; most Lake Placid assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Lake Placid
View all 4 on the map Homes on the marketin Lake Placid.
FHA
Active
48$559,900$378,858 down
- Rate
- 3.75%
6.95%today- Payment
- $982/mo
$1,404today
- 3beds
- 2baths
- 2,721sqft
1502 LAKE JOSEPHINE Drive, Sebring
FHA
Active
28$226,500$11,020 down
- Rate
- 5.98%
6.95%today- Payment
- $1,293/mo
$1,431today
- 3beds
- 2baths
- 1,196sqft
113 WHITE Avenue, Lake Placid
FHA
Active
11$440,000$32,930 down
- Rate
- 6.89%
6.95%today- Payment
- $2,711/mo
$2,728today
- 2beds
- 2baths
- 1,120sqft
4123 MANDARIN Road, Sebring
FHA
Active
11$440,000$32,930 down
- Rate
- 6.89%
6.95%today- Payment
- $2,711/mo
$2,728today
- 2beds
- 2baths
- 1,120sqft
4123 MANDARIN Road, Sebring
VA
Active
59$639,000$86,218 down
- Rate
- 6.77%
6.95%today- Payment
- $3,688/mo
$3,757today
- 3beds
- 3baths
- 2,226sqft
186 MANDOLIN Drive, Lake Placid
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.
Inventory snapshot
What’s in the mixin Lake Placid.
Live counts from the MLS feeds we index for Florida. Updated September 2026.
- Active listings
- 4
- UMe Certified / verified
- 0
- Lowest rate
- 3.08%
- Median rate
- 6.29%
- Median list price
- $282,250
- Median cash to assume
- $85,651
Lake Placid listings by locked rate
- Under 4%1 home
- 4% – 5%0 homes
- 5% – 6%1 home
- 6% and up2 homes
Lake Placid listings by loan type
- FHA3 homesmedian 5.98%
- VA1 homemedian 6.77%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Lake Placid ZIP code.
Each ZIP opens the Lake Placid map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Lake Placid numbers
What an assumable ratedoes to a Lake Placid payment.
The sliders start at the median Lake Placid assumable listing: $282,250 list price and a 6.29% 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)$85,000
30% 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 Lake Placid
$1,272/mo
New loan at 7.20%$1,324
Assumed at 6.30%
$1,272
Every month$52
Over five years$3,095
Interest you never pay$79,62726-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 Lake Placid listing on UMe shows the actual balance, rate, and payment.
How it works in Lake Placid
How to assumea mortgage in Lake Placid.
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 Lake Placid home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Lake Placid 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, a median of $85,651 in Lake Placid today. 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 Lake Placid payment written in a different decade.
Lake Placid questions
Assuming a mortgagein Lake Placid.
The numbers below come from current Lake Placid inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Lake Placid?
As of September 2026, UMe tracks 4 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 (3, median 5.98%) 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?
The lowest rate on an active Lake Placid assumable listing is 3.08%, and the median across all 4 listings is 6.29%. 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 $1,760 per month versus $1,978 for the same balance at today's rates, a difference of about $219 every month, or $2,622 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 $85,651 on a median list price of $282,250. 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 (4). 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.
Nearby markets
All of Florida More assumable homesin Florida.
Ready when you are
Stop overpaying for Lake Placid.The rate is already on the house.
Every listing on the Lake Placid map has a rate you can take over. Start with the ones in Lake Placid, get pre-qualified in minutes, and let UMe carry the assumption to closing.
