FHA
Active
54$335,000$52,987 down
- Rate
- 2.75%
6.95%today- Payment
- $1,520/mo
$2,464today
- 2beds
- 2baths
- 1,677sqft
Lake Wales, Florida
Assumable homes for salein Lake Wales, Florida.
28 homes in Lake Wales carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 2.65%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Lake Wales assumable market
by the numbers.
28active assumable listings
2.65%lowest locked rate
$281kmedian list price
$403saved per month vs. 7.2%
About the market
Assumable mortgagesin Lake Wales, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Florida, filtered to Lake Wales. Updated September 2026.
How assumptions work for buyersLake Wales, Florida has 28 homes for sale with an assumable mortgage as of September 2026: 25 FHA loans and 3 VA loans 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 Wales assumable listings start at 2.65% with a median of 6.34%; 8 listings are under 4% and 9 are under 5%.
The median assumable home in Lake Wales lists for $280,995, with a median of $39,695 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 $1,300 a month versus $1,703 for the same balance at today's rate, roughly $403 kept every month and $4,835 a year. The most active Lake Wales ZIP codes are 33853 (11), 33898 (10), and 33859 (7).
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 Wales assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Lake Wales
View all 28 on the map Homes on the marketin Lake Wales.
FHA
Active
34$275,000$36,579 down
- Rate
- 3.14%
6.95%today- Payment
- $1,136/mo
$1,752today
- 3beds
- 2baths
- 1,730sqft
1042 CORSO DR, Winter Haven
VA
Active
45$279,900Potential short sale
- Rate
- 3.76%
6.95%today- Payment
- $1,455/mo
$2,077today
- 3beds
- 2baths
- 1,569sqft
851 VIENNA Drive, Winter Haven
FHA
Active
45$255,000$62,057 down
- Rate
- 2.83%
6.95%today- Payment
- $915/mo
$1,468today
- 3beds
- 2baths
- 1,563sqft
1741 CANAAN LOOP, Dundee
VA
Active
56$350,000$95,353 down
- Rate
- 2.90%
6.95%today- Payment
- $1,200/mo
$1,908today
- 3beds
- 3baths
- 2,006sqft
3541 RALEIGH Drive, Winter Haven
FHA
Active
48$269,000$71,873 down
- Rate
- 2.97%
6.95%today- Payment
- $940/mo
$1,482today
- 3beds
- 2baths
- 1,144sqft
153 BROWNING CIR, Winter Haven
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 Wales.
Live counts from the MLS feeds we index for Florida. Updated September 2026.
- Active listings
- 28
- UMe Certified / verified
- 0
- Lowest rate
- 2.65%
- Median rate
- 6.34%
- Median list price
- $280,995
- Median cash to assume
- $39,695
Lake Wales listings by locked rate
- Under 4%8 homes
- 4% – 5%1 home
- 5% – 6%4 homes
- 6% and up15 homes
Lake Wales listings by loan type
- FHA25 homesmedian 6.50%
- VA3 homesmedian 2.97%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Lake Wales ZIP code.
Each ZIP opens the Lake Wales map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Lake Wales numbers
What an assumable ratedoes to a Lake Wales payment.
The sliders start at the median Lake Wales assumable listing: $280,995 list price and a 6.34% 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)$40,000
14% 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 Wales
$1,573/mo
New loan at 7.20%$1,629
Assumed at 6.35%
$1,573
Every month$56
Over five years$3,357
Interest you never pay$95,65526-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 Wales listing on UMe shows the actual balance, rate, and payment.
How it works in Lake Wales
How to assumea mortgage in Lake Wales.
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 Wales home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Lake Wales 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 $39,695 in Lake Wales 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 Wales payment written in a different decade.
Lake Wales questions
Assuming a mortgagein Lake Wales.
The numbers below come from current Lake Wales inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Lake Wales?
As of September 2026, UMe tracks 28 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 (25, median 6.50%) and VA (3, median 2.97%). 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?
The lowest rate on an active Lake Wales assumable listing is 2.65%, and the median across all 28 listings is 6.34%. 8 listings are under 4% and 9 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 $1,300 per month versus $1,703 for the same balance at today's rates, a difference of about $403 every month, or $4,835 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 $39,695 on a median list price of $280,995. 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 (11), 33898 (10), and 33859 (7). 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.
Nearby markets
All of Florida More assumable homesin Florida.
Ready when you are
Stop overpaying for Lake Wales.The rate is already on the house.
Every listing on the Lake Wales map has a rate you can take over. Start with the ones in Lake Wales, get pre-qualified in minutes, and let UMe carry the assumption to closing.
