Refined craftsmanship and everyday luxury in one of Hendersonville’s most desirable pockets near Hendersonville High and Ellis Middle School. Located in the intimate Stone Ridge enclave on the Indian Lake peninsula, this beautifully maintained all-brick home offers the rare combination of newer construction, elevated finishes, and exceptional convenience just minutes from Main Street, shopping, dining, parks, and Old Hickory Lake.Inside, the home is defined by warm architectural details and thoughtfully designed living spaces, including rich hardwood flooring, extensive crown molding and trim work, soaring ceilings, abundant natural light, and striking coffered ceilings with wood inlay that create a custom feel throughout the main living areas. The open-concept kitchen was designed for both entertaining and everyday living, featuring an oversized granite island, cream custom cabinetry, gas cooktop with vent hood, double ovens, under-cabinet lighting, stone backsplash, and seamless flow into the living and dining spaces. Large windows across the rear of the home bring in beautiful natural light and overlook the semi-secluded backyard, where mature trees, pollinator-friendly landscaping, raised garden beds, and multiple outdoor living areas create a peaceful retreat with plenty of room for entertaining, gardening, or play. The spacious owner’s suite offers a true retreat experience with tray ceilings and a spa-inspired bath featuring dual vanities, frameless glass shower, freestanding soaking tub, and private water closet. A separate bonus room tucked above the garage provides flexible space ideal for a media room, playroom, or home office. Additional highlights include a modern gas fireplace, irrigation system, walkable neighborhood and sidewalks on a low-traffic street, and convenience to parks, trails, commuting routes, and lake recreation. This move-in ready and meticulously maintained home is in one of Hendersonville’s most established and convenient areas.
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.
