FHA
Active
35$340,000$175,873 down
- Rate
- 3.08%
6.95%today- Payment
- $790/mo
$1,228today
- 5beds
- 3baths
- 2,041sqft
Melrose, Florida
Assumable homes for salein Melrose, Florida.
2 homes in Melrose carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 6.26%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Melrose assumable market
by the numbers.
2active assumable listings
6.26%lowest locked rate
$342kmedian list price
$174saved per month vs. 7.2%
About the market
Assumable mortgagesin Melrose, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Florida, filtered to Melrose. Updated September 2026.
How assumptions work for buyersMelrose, Florida has 2 homes for sale with an assumable mortgage as of September 2026: 2 FHA 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 Melrose assumable listings start at 6.26% with a median of 6.61%; 0 listings are under 4% and 0 are under 5%.
The median assumable home in Melrose lists for $342,450, with a median of $77,460 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 $1,910 a month versus $2,084 for the same balance at today's rate, roughly $174 kept every month and $2,093 a year. The most active Melrose ZIP codes are 32666 (2).
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 Melrose assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Melrose
View all 2 on the map Homes on the marketin Melrose.
FHA
Active
29$264,998$126,748 down
- Rate
- 3.30%
6.95%today- Payment
- $699/mo
$1,056today
- 3beds
- 2baths
- 1,632sqft
173 LITTLE ORANGE LAKE Drive, Hawthorne
FHA
Active
32$249,000$246,657 down
- Rate
- 3.55%
6.95%today- Payment
- $16/mo
$23today
- 3beds
- 2baths
- 1,404sqft
5828 BRYCE Street, Keystone Heights
VA
Active
7$475,000$40,956 down
- Rate
- 6.78%
6.95%today- Payment
- $2,884/mo
$2,935today
- 3beds
- 2baths
- 2,154sqft
168 HOUR GLASS Circle, Hawthorne
FHA
Active
29$299,900Potential short sale
- Rate
- 6.95%
6.95%today- Payment
- $2,210/mo
$2,210today
- 3beds
- 2baths
- 1,783sqft
114 MANDARIN LAKE Road, Melrose
FHA
Active
28$385,000$125,908 down
- Rate
- 6.26%
6.95%today- Payment
- $1,609/mo
$1,728today
- 3beds
- 2baths
- 1,830sqft
5918 COUNTY ROAD 219, Melrose
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 Melrose.
Live counts from the MLS feeds we index for Florida. Updated September 2026.
- Active listings
- 2
- UMe Certified / verified
- 0
- Lowest rate
- 6.26%
- Median rate
- 6.61%
- Median list price
- $342,450
- Median cash to assume
- $77,460
Melrose listings by locked rate
- Under 4%0 homes
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up2 homes
Melrose listings by loan type
- FHA2 homesmedian 6.61%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Melrose ZIP code.
Each ZIP opens the Melrose map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Melrose numbers
What an assumable ratedoes to a Melrose payment.
The sliders start at the median Melrose assumable listing: $342,450 list price and a 6.61% 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)$75,000
22% 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 Melrose
$1,779/mo
New loan at 7.20%$1,799
Assumed at 6.60%
$1,779
Every month$20
Over five years$1,199
Interest you never pay$92,57626-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 Melrose listing on UMe shows the actual balance, rate, and payment.
How it works in Melrose
How to assumea mortgage in Melrose.
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 Melrose home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Melrose 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 $77,460 in Melrose 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 Melrose payment written in a different decade.
Melrose questions
Assuming a mortgagein Melrose.
The numbers below come from current Melrose inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Melrose?
As of September 2026, UMe tracks 2 active assumable listings in Melrose. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Melrose?
Current Melrose inventory breaks down as FHA (2, median 6.61%). 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 Melrose?
The lowest rate on an active Melrose assumable listing is 6.26%, and the median across all 2 listings is 6.61%. 0 listings are under 4% and 0 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 Melrose?
Across current Melrose listings, the median principal-and-interest payment on the assumable loan is $1,910 per month versus $2,084 for the same balance at today's rates, a difference of about $174 every month, or $2,093 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 Melrose?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Melrose that gap is currently a median of $77,460 on a median list price of $342,450. 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 Melrose ZIP codes have the most assumable homes?
The Melrose ZIP codes with the most active assumable listings are 32666 (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 Melrose?
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 Melrose.The rate is already on the house.
Every listing on the Melrose map has a rate you can take over. Start with the ones in Melrose, get pre-qualified in minutes, and let UMe carry the assumption to closing.
