$899,000
1075 Garland Hollow Rd, Pegram, TN 37143

About this home

Well maintained home on 5 private acres with a setting that’s hard to replicate, just 30 minutes to downtown Nashville and located on the Davidson County side of Pegram. The property itself is what makes this one special. A beautiful creek runs through the front, and the setting opens up to a rolling yard and mature trees with long, unobstructed views. The front porch allows you to take it all in, overlooking the water, pasture, and woods, with sunsets that really show up. It’s common to see deer and other wildlife moving through the property, which adds to the overall feel of being tucked away without being too far out. The home was built in 2016 and has been well maintained, with updated lighting and window treatments already in place. The primary suite is on the main level, and the layout is simple and functional. Attached 2-car garage. There is also a 30x40 detached shop with power and a shop-style bathroom that gives the flexibility for workspace, storage, or projects. Security system in place with Samsung IR cameras and Protection One (doors + interior camera). Fully wired and ready to activate.


4 bed
2.5 bath
2,523 sqft
5.01 acres
Single fam
Built 2016
2 car
A/C
Fireplace
Your payment
$3,693/mo at 3%
You save $13,049/year compared to a new mortgage.

VA loan: $554,798 at 3%
Gap loan: $0
Payment details
Home price
$899,000

Down payment
$344,201

Total loan (3%)
$554,798
VA loan (3%)
$554,798
Gap loan (7.38%)
$0

Term
25 yrs 8 mo

Tax rate

× $899,000 = $7,102/yr

Premium

Fees
Water/sewer
Electricity
Internet
Gas
Neighborhood
FAQ

Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.

To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.

An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.

When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.

Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.

Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.

When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.

Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.

Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.

Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.

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Last updated: Apr 09, 2026 09:53 am
Listing agent: Leanne Kreps (615) 630-1369
Listing provided courtesy of: The Tate Brokerage, (615) 200-7142
Details provided by REALTRACS and may not match the public record.
MLS ID: #3170149
Payment calculations are estimates and exact amounts will be confirmed by your agent.
Based on information submitted to the MLS GRID as of Apr 09 2026 - 12:06. 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.
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