FHATop pick
Active
16$325,000$16,680 equity gap
- Rate
- 3.14%
7.40%today- Payment
- $1,475/mo
$2,379today
- 4beds
- 3baths
- 2,577sqft
Palmetto, Florida
Assumable homes for salein Palmetto, Florida.
46 homes in Palmetto 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
Palmetto assumable market
by the numbers.
46active assumable listings
2.65%lowest locked rate
$385kmedian list price
$755saved per month vs. 7.2%
About the market
Assumable mortgagesin Palmetto, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Florida, filtered to Palmetto. Updated October 2026.
How assumptions work for buyersPalmetto, Florida has 46 homes for sale with an assumable mortgage as of October 2026: 33 FHA loans and 13 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 Palmetto assumable listings start at 2.65% with a median of 5.33%; 15 listings are under 4% and 21 are under 5%.
The median assumable home in Palmetto lists for $384,950, with a median of $148,811 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 $1,462 a month versus $2,217 for the same balance at today's rate, roughly $755 kept every month and $9,059 a year. The most active Palmetto ZIP codes are 34221 (46).
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 Palmetto assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Palmetto
View all 46 on the map Homes on the marketin Palmetto.
FHA
Active
72$349,900$56,347 equity gap
- Rate
- 2.88%
7.40%today- Payment
- $1,368/mo
$2,281today
- 3beds
- 3baths
- 1,904sqft
5636 SILVERBRIDGE Trail, Bradenton
FHA
Active
38$224,900$31,002 equity gap
- Rate
- 2.90%
7.40%today- Payment
- $916/mo
$1,523today
- 3beds
- 2baths
- 1,012sqft
3012 17TH Street, Bradenton
VA
Active
32$379,900$67,112 equity gap
- Rate
- 2.95%
7.40%today- Payment
- $1,478/mo
$2,444today
- 3beds
- 3baths
- 2,024sqft
11779 SHIRBURN Circle, Parrish
FHA
Active
35$389,900$65,482 equity gap
- Rate
- 2.99%
7.40%today- Payment
- $1,527/mo
$2,510today
- 4beds
- 3baths
- 2,396sqft
5220 119TH Terrace, Parrish
VA
Active
24$315,000$39,419 equity gap
- Rate
- 3.11%
7.40%today- Payment
- $1,308/mo
$2,119today
- 4beds
- 2baths
- 1,918sqft
223 CASCADE BEND Drive, Ruskin
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 Palmetto.
Live counts from the MLS feeds we index for Florida. Updated October 2026.
- Active listings
- 46
- UMe Certified / verified
- 0
- Lowest rate
- 2.65%
- Median rate
- 5.33%
- Median list price
- $384,950
- Median cash to assume
- $148,811
Palmetto listings by locked rate
- Under 4%15 homes
- 4% – 5%6 homes
- 5% – 6%6 homes
- 6% and up19 homes
Palmetto listings by loan type
- FHA33 homesmedian 5.25%
- VA13 homesmedian 5.41%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Palmetto ZIP code.
Each ZIP opens the Palmetto map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Palmetto numbers
What an assumable ratedoes to a Palmetto payment.
The sliders start at the median Palmetto assumable listing: $384,950 list price and a 5.33% 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)$150,000
39% 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 Palmetto
$1,396/mo
New loan at 7.20%$1,595
Assumed at 5.35%
$1,396
Every month$199
Over five years$11,938
Interest you never pay$138,64226-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 Palmetto listing on UMe shows the actual balance, rate, and payment.
How it works in Palmetto
How to assumea mortgage in Palmetto.
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 Palmetto home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Palmetto 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 $148,811 in Palmetto 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 Palmetto payment written in a different decade.
Palmetto questions
Assuming a mortgagein Palmetto.
The numbers below come from current Palmetto inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Palmetto?
As of October 2026, UMe tracks 46 active assumable listings in Palmetto. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Palmetto?
Current Palmetto inventory breaks down as FHA (33, median 5.25%) and VA (13, median 5.41%). 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 Palmetto?
The lowest rate on an active Palmetto assumable listing is 2.65%, and the median across all 46 listings is 5.33%. 15 listings are under 4% and 21 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 Palmetto?
Across current Palmetto listings, the median principal-and-interest payment on the assumable loan is $1,462 per month versus $2,217 for the same balance at today's rates, a difference of about $755 every month, or $9,059 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 Palmetto?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Palmetto that gap is currently a median of $148,811 on a median list price of $384,950. 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 Palmetto ZIP codes have the most assumable homes?
The Palmetto ZIP codes with the most active assumable listings are 34221 (46). 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 Palmetto?
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 Palmetto.The rate is already on the house.
Every listing on the Palmetto map has a rate you can take over. Start with the ones in Palmetto, get pre-qualified in minutes, and let UMe carry the assumption to closing.
