Walkable to the lake, this updated 3-bedroom home in Woodland Point combines modern features, flexible living spaces, and a low-maintenance lifestyle—ideal for today’s millennial buyer seeking convenience, connectivity, and access to outdoor recreation. Just minutes from Percy Priest Lake, Elm Hill Marina, I-40, the airport, and downtown Nashville, the location supports an active routine with quick commute options, weekend adventures, and proximity to everyday essentials. Recent upgrades include fresh interior paint and carpet, all new LG stainless steel kitchen and laundry appliances, and an encapsulated crawlspace with dehumidifier and sump pump. The roof is in excellent condition, the HVAC system has been regularly serviced, and termite protection is paid through September 2026—valuable peace of mind for buyers wanting predictable upkeep and efficiency. Inside, the open layout features vaulted ceilings, hardwood flooring, and a bright living area with a gas fireplace. The large bonus room offers the kind of versatility buyers appreciate—perfect for a home office, fitness space, media room, or guest area. The private primary suite includes a walk-in closet and ensuite bath, and two additional bedrooms with a full bath complete the main level. Outdoor living includes a covered front porch, rear deck, paver patio, and a privacy-fenced backyard backing to mature trees—an ideal setting for pets, gatherings, or quiet relaxation. With lake access just moments away, this home offers a balanced blend of modern convenience, value, and an active Nashville lifestyle. Check out the feature sheet in the media section for all the upgrades!
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.
