Georgia › DeKalb County › Ellenwood
Homes for sale with assumable mortgages in Ellenwood, GA
6 homes for sale in Ellenwood where the buyer can take over the seller's FHA or VA loan, recorded from 2020 to early 2022 when rates were under 4%. Today's average 30-year rate is 7.36%. Updated October 21, 2026.
- 6homes
- 2under 3%
- 2.89%lowest rate
- $129,686median cash to assume
- $440/momedian savings vs 7.36%
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Lowest-rate homes in Ellenwood
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2.99% from loan recordsFHA loan, recorded Dec 2021
4287 S River Vly, Ellenwood 30294
$280,000 · 4 bd · 4 ba · 2,725 sq ft · House · listed 54 days ago
Cash to assume and monthly savings: see them free (3 homes with an account) or with Pro
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≈3.07% or lowerVA loan, recorded Nov 2021
4748 Mitchells Ridge Dr, Ellenwood 30294
$309,000 · 4 bd · 3 ba · 2,313 sq ft · House · listed 71 days ago
- Cash to assume
- $63,655
- Payment if assumed
- $1,170/mo
- Saves vs 7.36% today
- $522/mo
-
3.125% from loan recordsFHA loan, recorded Dec 2021
2724 Trey Ct, Ellenwood 30294
$425,000 · 4 bd · 2 ba · 2,584 sq ft · House · listed 53 days ago
Cash to assume and monthly savings: see them free (3 homes with an account) or with Pro
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3.25% from loan recordsFHA loan, recorded May 2021
2217 Gateway Trl, Ellenwood 30294
$320,000 · 4 bd · 2 ba · 2,174 sq ft · House · listed 28 days ago
Cash to assume and monthly savings: see them free (3 homes with an account) or with Pro
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3.875% from loan recordsFHA loan, recorded Jan 2021
2213 Pine View Trl, Ellenwood 30294
$283,000 · 4 bd · 2 ba · 2,286 sq ft · House · built 2006 · listed 87 days ago
Cash to assume and monthly savings: see them free (3 homes with an account) or with Pro
All 6 homes in Ellenwood
| Home | Price | Beds | Rate | Loan |
|---|---|---|---|---|
| 4026 Villagewood Ln (may be off market) | $375,000 | 4 | ≈2.89% | FHA |
| 4287 S River Vly | $280,000 | 4 | 2.99% | FHA |
| 4748 Mitchells Ridge Dr | $309,000 | 4 | ≈3.07% | VA |
| 2724 Trey Ct | $425,000 | 4 | 3.125% | FHA |
| 2217 Gateway Trl | $320,000 | 4 | 3.25% | FHA |
| 2213 Pine View Trl | $283,000 | 4 | 3.875% | FHA |
Rates without ≈ are the loan's actual rate from public records (or confirmed); ≈ marks an estimate.
See them on the map, with filters for price, size, beds, and rate.
How assuming a mortgage works in Ellenwood
You take over the seller's existing loan: its rate, its remaining balance, and its remaining term. The difference between the price and the balance is the cash to assume, paid to the seller in cash or with a second loan.
- FHA loans: you apply with the seller's loan servicer and qualify much like a new loan, and you have to live in the home.
- VA loans: you don't have to be a veteran to assume one. If you aren't, the seller's VA entitlement stays with the loan, so some sellers prefer veteran buyers. The VA charges a 0.5% funding fee on an assumption, waived for veterans who receive VA disability compensation.
- Timing: the servicer approves the assumption. VA requires a decision within 45 days of a complete application; FHA sets no deadline. Plan on roughly 45 to 90 days to close.
More in the guides to assuming a VA loan and assuming an FHA loan.
Nearby
All of DeKalb County (42 homes) · Lithonia (13) · Decatur (10) · Stone Mountain (6)
Rates come from each loan's public records (HUD's FHA records or the lender's federal HMDA report) where we can match the loan; the rest are estimates from the average 30-year rate in the month the loan was recorded (VA loans usually came in lower; FHA loans landed on both sides). Balances are estimates: the original loan amount from public records, paid down to today. Prices are from the listing when we first found it; check the listing for the current price. Savings compare the same loan amount at today's average rate. Not a brokerage, lender, or advisor; confirm everything with the listing agent and the loan servicer.