Washington assumable mortgages VA FHA USDA Mount Rainier real estate guide

Mason County Assumable Mortgage Homes for Sale

Explore VA, FHA and USDA assumable mortgage listings in Shelton, Allyn, Belfair, Union and Hoodsport. Mason County includes waterfront, rural and small-town properties; confirm property access, septic and insurance considerations alongside financing.

Which Loans May Be Assumable?

VA Loan Assumptions

VA-backed loans can sometimes be assumed by qualified buyers, including non-veterans. Confirm lender/servicer approval, release of liability and any effect on the seller's VA entitlement.

FHA Loan Assumptions

FHA-insured mortgages may be assumed under applicable credit and servicer requirements. Review the interest rate, remaining term, mortgage insurance and processing fees.

USDA Loan Assumptions

USDA assumption terms depend on the loan program and agency requirements. Eligibility, approval and whether existing terms carry over must be confirmed with the servicer.

How to Buy a Home With an Assumable Mortgage

For USDA-backed loans, verify the specific program, property eligibility and assumption requirements with the servicer. Start by asking the seller for the loan type, interest rate, balance, remaining term and servicer. Request the servicer's written assumption procedures before relying on the advertised financing.

Compare the purchase price with the remaining loan balance to estimate the equity gap.
Confirm borrower qualification, occupancy rules, fees and expected processing time.
Discuss whether permitted secondary financing or cash will cover the gap.
Ensure the seller receives the required release of liability; check VA entitlement where relevant.
Coordinate closing timelines with the servicer, title company and real estate contract.

Example: The Equity Gap

For a $550,000 purchase with a $410,000 assumable mortgage balance, the buyer needs to fund a $140,000 difference plus closing costs. A favorable existing interest rate does not eliminate the equity gap or guarantee qualification.

Selling a Mason County Home With a Low-Rate Mortgage?

Get a property-specific valuation based on nearby closed sales and competing active homes. We can help evaluate whether a verified assumable mortgage is a useful marketing advantage while protecting your position as the seller.

Request My Mason County Home Valuation

Explore Related Assumable Mortgage Markets

Washington Assumable Mortgage Guide | King County | Pierce County | Thurston County

Newest Mason County Homes Advertised With Assumable Financing

Listings below are based on MLS marketing terms, not independently verified lender approvals. Confirm the availability and exact terms with the loan servicer.

VA Home Loan Eligibility and Local Financing Searches

Compare VA financing-tagged listings with assumable mortgage opportunities. An MLS financing tag is not proof that a property qualifies for a VA loan or that its existing mortgage can be assumed. Verify the loan and property with the lender or servicer.

Browse Mason County VA Financing Homes | Washington VA Financing Guide | Official VA Eligibility | Request a VA Certificate of Eligibility

Request a Custom Buyer Search | Seller: Get a Home Valuation

Newest Mason County Assumable Mortgage Listings

$499,950

2 Beds ⋅ 2 Baths ⋅ 2596287 MLS ⋅ ACTIVE Status

Welcome to your own private retreat at Colony Surf! This spacious home sits on a large double lot near Hood Canal and offers easy main-level living in this daylight basement home. Step into the open great room with skylights and vaulted ceilings, built-ins, and a cozy freestanding gas fireplace. The living room overlooks an entertainment-sized deck, partially covered so you can enjoy it rain or shine. You’ll love the well-designed, gourmet-style kitchen with a gas island cooktop. The large primary suite offers a walk-in jetted tub and a generous closet space including a walk-in closet. The fully finished basement features an office/3rd room with its own private bath and a spacious rec room with an added bonus room (walls can be removed). The oversized 720 SF two-car garage includes tons of workspace. A new 22k propane generator, two outbuildings including one with power for garden storage, a covered storage area beside garage and a 50 year Metal roof round it out. Community membership includes Hood Canal and lake access, a clubhouse with pool, and plenty of roads and trails for hiking. Come see it today!

550 N Lake Surf Drive, Lilliwaup

Listing Broker: Windermere RE West Campus Inc; Steve Nagy; 206-713-3311; stevenagy@windermere.com

$459,950

4 Beds ⋅ 3 Baths ⋅ 2592078 MLS ⋅ ACTIVE Status

Beautifully updated 4-bedroom tri-level in desirable Terrace Heights! This move-in-ready home offers a bright, welcoming interior highlighted by a stunning wall of windows that fills the main living spaces with natural light. Hardwood floors flow through the living and dining areas, while the kitchen features ceramic tile, stainless steel appliances, and plenty of functionality. All three bathrooms have been tastefully remodeled. Upstairs you'll find three bedrooms, including the spacious primary with private bath. The lower level offers exceptional versatility with a 4th bedroom, full bath, and generous bonus/rec room - perfect for multi-generational living, guests, a home office, or even a potential 5th bedroom. Outside, enjoy a newer Trex deck with railing and a fully fenced backyard with double gates. Additional improvements include a newer roof. Forced-air heat plus a cozy wood-burning fireplace insert complete the package. Small town feel with fantastic in-town locations - close to everyday conveniences. VA assumable option available.

603 Terrace Boulevard, Shelton

Listing Broker: Skyline Properties, Inc.; Zenika Gandara; 253-905-9882; zenikagandara@gmail.com

$810,000

2 Beds ⋅ 2 Baths ⋅ 2591313 MLS ⋅ ACTIVE Status

Some waterfront homes give you a view. This one gives you the lake! Set along 60 feet of waterfront on one of Mason County’s premier and coveted crystal clear lakes, this LIKE NEW 2-bed, 2-bath Benson Lake home puts your own dock AND an incredible lake lifestyle right outside your door. Inside, 10-foot ceilings, huge windows + an open floor plan draw your eye straight to the water & sky. The spacious kitchen is made for gathering, with a generous granite island, induction cooktop, double ovens + walk-in pantry. The primary suite takes full advantage of the setting, with room for a sitting area overlooking the lake, plus a ¾ bath and walk-in closet. Need more space? A 388 SF fully finished bonus room above the garage offers fantastic flexibility for an office, studio or media room. And the view—BIG, beautiful and constantly changing. Watch eagles soar, brilliant sunsets and July fireworks. Step onto your dock for a morning paddle, swim, fishing or simply a quiet place to rest. The large lot has room for RV parking + lake toys, plus two sheds (one currently used as a hobby space.) Benson Lake is a non-gas-powered watercraft lake with no HOA. Join the nearby Mason-Benson Community Club for pickleball, potlucks, game nights and social events for a modest annual fee. Make it your full-time home or the weekend escape everyone wants to visit. Just 40 minutes to Gig Harbor,12 min to Belfair and 20 min. to Port Orchard or Shelton, it feels wonderfully removed without being far away.

380 E Benson Lake Drive, Grapeview

Listing Broker: RE/MAX Northwest; Kim Meyer; 425-417-4363; kim@kim-meyer.com

$749,900

3 Beds ⋅ 3 Baths ⋅ 2570057 MLS ⋅ ACTIVE Status

Your Dream Home Awaits You! Just shy of 3000 square feet, this home sitting on a secluded 5 acres features large windows to overlook the serene backyard. 3 bedrooms,3 bathrooms, and two bonus rooms with a living room and family room plenty of space for everyone. Primary room upstairs in a cozy loft that includes its own office space and 5-piece bath with fireplace. Basement is fully finished with family room and two bonus rooms and full bathroom. Fully fenced front yard, multiple out buildings, and a large deck. Home has Cement Plank siding made to last! Move-in Ready. Assumable VA Laon 2.5% with a manageable gap.

251 E Jobes Court, Belfair

Listing Broker: John L. Scott, Inc.; Jennifer Connelly Delay; 253-330-4196; jconnelly@johnlscott.com

$450,000

3 Beds ⋅ 2 Baths ⋅ 2574651 MLS ⋅ ACTIVE Status

ATTENTION BUYERS NO NEED TO WORRY ABOUT INTEREST RATES ON THIS ONE, ASSUMABLE MORTGAGE RATE OF 5.375%!!This newly built 3BD/2BA rambler is the perfect mix of comfort, style, and easy living. Vaulted ceilings and windows fill the great room with natural light making a bright and welcoming space. The kitchen has white cabinetry, granite, ss appliances, and a large island. Off the kitchen, the dining area opens to the back patio and back yard with views of the golf course. Perfect for taking dinner outside on those beautiful PNW evenings and enjoying the surroundings. The primary suite has a large walk-in closet and en-suite bath, while two additional bedrooms are located on the opposite side of the home, making a functional split bedroom floor plan. Work from home? Fiber optic internet installed and fast! Tinker in the 2-car garage or store vehicles out of the weather. The large driveway and front of the property allows for RV parking, and low maintenance grounds. If golf is on the agenda, you're in luck the home comes with a 2019 Yamaha golf cart ready to hit the course right from your own backyard! Lake Limerick residents also enjoy access to two lakes for boating, fishing and swimming. As well as athletic courts, parks, a clubhouse, restaurant, and more. Whether you're hitting the course, spending the afternoon on the lake, or simply relaxing at home, this one is ready for you to move in and start enjoying the Lake Limerick lifestyle!

71 E CONNEMARA Way, Shelton

Listing Broker: Keller Williams Rty Tacoma; Daylene Wilkie; 360-550-0545; daywilkie@kw.com

$469,000

3 Beds ⋅ 3 Baths ⋅ 2571746 MLS ⋅ ACTIVE Status

Welcome to easy, single-level living in sought-after Alderbrook! Set on one of the most desirable lots in the community, this beautifully maintained 3-bedroom, 2.5-bath home offers the perfect mix of privacy and beautiful golf course views. The thoughtfully designed layout provides comfortable one-level living with spacious gathering areas, abundant natural light, and a seamless connection to the peaceful surroundings. The primary suite features a brand-new bathroom, creating a fresh and inviting private retreat. Two additional bedrooms offer flexibility for guests, an office, hobbies, or visitors. Beyond your front door, Alderbrook offers a vibrant, welcoming community with opportunities to enjoy the outdoors or to connect with neighbors at one of the fun and easy-going functions. Enjoy unlimited golf for two, clubhouse access, scenic trails, a community garden, live music, full moon yoga, and fun gatherings that make it easy to connect with neighbors and friends. Spend your days golfing, walking, gardening, relaxing at home, or exploring nearby Hood Canal. Alderbrook Resort, boating, hiking, dining, and recreation are all close by. Whether you're looking for a comfortable full-time home or a Northwest retreat, this property offers an exceptional combination of privacy, views, community, and effortless one-level living.

550 E Country Club Drive E, Union

Listing Broker: Paramount Real Estate Group; Cari Shumaker; 360-731-1004; cari@shumakerREgroup.com

$356,999

3 Beds ⋅ 2 Baths ⋅ 2530007 MLS ⋅ ACTIVE Status

VA ASSUMABLE LOAN AT 5.75%! Take advantage of this fantastic opportunity for qualified buyers to potentially assume an attractive existing interest rate. Step into modern living in this beautifully designed 1,296 sq ft home featuring 3 bedrooms and 2 bathrooms. The spacious open-concept kitchen includes stainless steel appliances, enhanced lighting, and a large island—perfect for cooking and entertaining. Bright, inviting living spaces are complemented by fresh landscaping, privacy fencing, and a 384 sq ft covered carport, plus additional off-street parking and storage. Enjoy NEEM energy certification for more eco-conscious living, along with community amenities including a scenic lake, boat launch, walking trails, and parks.

540 E Lakeshore Drive E, Shelton

Listing Broker: Better Properties Kitsap; Jessica Hasty; 360-277-1417; hasty.realtor@gmail.com

$750,000

4 Beds ⋅ 3 Baths ⋅ 2497920 MLS ⋅ ACTIVE Status

This is an 2.99% ASSUMABLE VA Loan with a manageable Gap. Imagine waking up to awe-inspiring views of Hood Canal, watching orcas, eagles, otters and other wildlife from every bedroom in this magnificent two-story sanctuary! This 4-bedroom, 3-bathroom home has been meticulously upgraded with new paint, windows, doors, and flooring. Every bathroom has been artfully remodeled, including the master ensuite, which includes a large walk-in closet. The open-concept living room and kitchen (equipped with/ brand new or newer appliances) are perfect for entertaining, while the new ductless A/C unit ensures comfort year-round. Add a whole-house generator hookup, an oversized three-car garage with an E-car charging station hookup, hot tub, and a private beach and boat ramp. A dedicated office/playroom makes this property functional as well as beautiful.

50 NE Alta Vista Drive, Belfair

Listing Broker: eXp Realty; Tiffany Weil; 360-775-8515; Tiffanyweil.godspeed@gmail.com

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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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