Georgia › Elbert County

Homes for sale with assumable mortgages in Elbert County, GA

1 home for sale in Elbert County where the buyer can take over the seller's VA loan, recorded from 2020 to early 2022 when rates were under 4%. Updated October 18, 2026.

• 1home
• 1under 3%
• 2.25%lowest rate
• $140,766median cash to assume
• $639/momedian savings vs 7.36%

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Towns in Elbert County: Dewy Rose.

Lowest-rate homes in Elbert County

1. 2.25% from loan recordsVA loan, recorded Jan 2020

   1990 Hewell Rd NW, Dewy Rose 30634

   $420,000 · 8 bd · 4 ba · 3,604 sq ft · House · built 1995 · listed 164 days ago

   Cash to assume

   $140,766

   Payment if assumed

   $1,286/mo

   Saves vs 7.36% today

   $639/mo

   Details · See on the map · Photos on Zillow

All 1 home

How assuming a mortgage works in Elbert County

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.

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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.