Georgia › Madison County
Homes for sale with assumable mortgages in Madison County, GA
2 homes for sale in Madison County where the buyer can take over the seller's FHA loan, recorded from 2020 to early 2022 when rates were under 4%. Updated October 18, 2026.
- 2homes
- 2under 3%
- 2.375%lowest rate
- $129,584median cash to assume
- $365/momedian savings vs 7.36%
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Towns in Madison County: Athens, Hull.
Lowest-rate homes in Madison County
-
2.375% from loan recordsFHA loan, recorded Jan 2021
6 Sandy Springs Dr, Athens 30601
$250,000 · 2 bd · 2 ba · 1,280 sq ft · House · built 1982 · listed 57 days ago
- Cash to assume
- $129,584
- Payment if assumed
- $545/mo
- Saves vs 7.36% today
- $286/mo
-
2.875% from loan recordsFHA loan, recorded Jan 2021
485 Candlestick Dr, Hull 30646
$289,900 · 3 bd · 2 ba · 1,701 sq ft · House · built 2020 · listed 127 days ago
Cash to assume and monthly savings: Pro
All 1 home
| Home | City | Price | Beds | Rate | Loan |
|---|---|---|---|---|---|
| 485 Candlestick Dr | Hull | $289,900 | 3 | 2.875% | FHA |
How assuming a mortgage works in Madison 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.