FHATop pick
Active
16$299,500$30,097 down
- Rate
- 3.00%
6.95%today- Payment
- $1,283/mo
$2,015today
- 2beds
- 1baths
- 920sqft
South Pasadena, Florida
Assumable homes for salein South Pasadena, Florida.
2 homes in South Pasadena carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 6.34%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
South Pasadena assumable market
by the numbers.
2active assumable listings
6.34%lowest locked rate
$429kmedian list price
$310saved per month vs. 7.2%
About the market
Assumable mortgagesin South Pasadena, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Florida, filtered to South Pasadena. Updated September 2026.
How assumptions work for buyersSouth Pasadena, Florida has 2 homes for sale with an assumable mortgage as of September 2026: 2 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 South Pasadena assumable listings start at 6.34% with a median of 6.42%; 0 listings are under 4% and 0 are under 5%.
The median assumable home in South Pasadena lists for $428,500, with a median of $76,300 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 $2,646 a month versus $2,956 for the same balance at today's rate, roughly $310 kept every month and $3,723 a year. The most active South Pasadena ZIP codes are 33707 (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 South Pasadena assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in South Pasadena
View all 2 on the map Homes on the marketin South Pasadena.
FHA
Active
50$305,000$60,045 down
- Rate
- 2.87%
6.95%today- Payment
- $1,140/mo
$1,820today
- 3beds
- 1baths
- 1,192sqft
8320 43RD Way, Pinellas Park
FHA
Active
18$185,000$22,855 down
- Rate
- 3.10%
6.95%today- Payment
- $767/mo
$1,189today
- 2beds
- 2baths
- 1,190sqft
6311 93RD Terrace #4403, Pinellas Park
FHA
Active
45$299,000$44,448 down
- Rate
- 3.10%
6.95%today- Payment
- $1,205/mo
$1,867today
- 3beds
- 3baths
- 1,450sqft
3073 BRANCH Drive, Clearwater
FHA
Active
38$260,000$46,860 down
- Rate
- 3.11%
6.95%today- Payment
- $1,008/mo
$1,560today
- 3beds
- 1baths
- 792sqft
4811 12TH Avenue, St Petersburg
VA
Active
52$102,000$30,148 down
- Rate
- 2.66%
6.95%today- Payment
- $333/mo
$546today
- 1beds
- 1baths
- 840sqft
5980 TERRACE PARK Drive #108, St Petersburg
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 South Pasadena.
Live counts from the MLS feeds we index for Florida. Updated September 2026.
- Active listings
- 2
- UMe Certified / verified
- 0
- Lowest rate
- 6.34%
- Median rate
- 6.42%
- Median list price
- $428,500
- Median cash to assume
- $76,300
South Pasadena listings by locked rate
- Under 4%0 homes
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up2 homes
South Pasadena listings by loan type
- VA2 homesmedian 6.42%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby South Pasadena ZIP code.
Each ZIP opens the South Pasadena map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the South Pasadena numbers
What an assumable ratedoes to a South Pasadena payment.
The sliders start at the median South Pasadena assumable listing: $428,500 list price and a 6.42% 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)$80,000
19% 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 South Pasadena
$2,305/mo
New loan at 7.20%$2,376
Assumed at 6.40%
$2,305
Every month$71
Over five years$4,236
Interest you never pay$136,06626-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 South Pasadena listing on UMe shows the actual balance, rate, and payment.
How it works in South Pasadena
How to assumea mortgage in South Pasadena.
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 South Pasadena home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the South Pasadena 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 $76,300 in South Pasadena 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 South Pasadena payment written in a different decade.
South Pasadena questions
Assuming a mortgagein South Pasadena.
The numbers below come from current South Pasadena inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in South Pasadena?
As of September 2026, UMe tracks 2 active assumable listings in South Pasadena. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in South Pasadena?
Current South Pasadena inventory breaks down as VA (2, median 6.42%). 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 South Pasadena?
The lowest rate on an active South Pasadena assumable listing is 6.34%, and the median across all 2 listings is 6.42%. 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 South Pasadena?
Across current South Pasadena listings, the median principal-and-interest payment on the assumable loan is $2,646 per month versus $2,956 for the same balance at today's rates, a difference of about $310 every month, or $3,723 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 South Pasadena?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In South Pasadena that gap is currently a median of $76,300 on a median list price of $428,500. 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 South Pasadena ZIP codes have the most assumable homes?
The South Pasadena ZIP codes with the most active assumable listings are 33707 (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 South Pasadena?
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 South Pasadena.The rate is already on the house.
Every listing on the South Pasadena map has a rate you can take over. Start with the ones in South Pasadena, get pre-qualified in minutes, and let UMe carry the assumption to closing.
