Georgia › Newton County
Homes for sale with assumable mortgages in Newton County, GA
16 homes for sale in Newton County where the buyer can take over the seller's FHA or VA loan, recorded from 2020 to early 2022 when rates were under 4%. Updated October 18, 2026.
- 16homes
- 5under 3%
- 2.5%lowest rate
- $114,448median cash to assume
- $395/momedian savings vs 7.36%
See all 16 on the map No account needed. Create a free account to save homes and searches.
Cities
- Covington (15)
Also in Newton County: Conyers, Oxford.
Lowest-rate homes in Newton County
-
2.5% from loan recordsFHA loan, recorded Jan 2020
8130 Highland Dr SW, Covington 30014
$306,000 · 3 bd · 2 ba · 1,690 sq ft · House · built 2020 · listed 16 days ago
- Cash to assume
- $127,984
- Payment if assumed
- $842/mo
- Saves vs 7.36% today
- $386/mo
-
2.75% from loan recordsFHA loan, recorded Jan 2022
195 Barshay Dr, Covington 30016
$305,000 · 4 bd · 2 ba · 1,916 sq ft · House · built 2021 · listed 62 days ago
Cash to assume and monthly savings: Pro
-
2.75% from loan recordsVA loan, recorded Jan 2020
15 Granville Ln, Covington 30016
$525,000 · 5 bd · 4 ba · 3,296 sq ft · House · built 2018 · listed 111 days ago
Cash to assume and monthly savings: Pro
-
≈2.83% estimateFHA loan, recorded Oct 2020
85 Maple Leaf Dr, Oxford 30054
$379,000 · 4 bd · 3 ba · 2,305 sq ft · House · built 2014 · listed 37 days ago
Cash to assume and monthly savings: Pro
-
2.875% from loan recordsFHA loan, recorded Jan 2021
20 Natures Trl, Covington 30016
$265,000 · 4 bd · 2 ba · 1,602 sq ft · House · built 2020 · listed 85 days ago
Cash to assume and monthly savings: Pro
Homes in other Newton County towns
| Home | City | Price | Beds | Rate | Loan |
|---|---|---|---|---|---|
| 85 Maple Leaf Dr | Oxford | $379,000 | 4 | ≈2.83% | FHA |
| 20 Richmond Trl (may be off market) | Oxford | $444,000 | 6 | 3.75% | FHA |
Rates without ≈ are the loan's actual rate from public records (or confirmed); ≈ marks an estimate.
How assuming a mortgage works in Newton 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.
See every Georgia county.
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.