This Green Hills classic has it all: timeless all-brick exterior, traditional center-hallway floorplan, real hardwood floors, cozy den with built-ins, formal LR with wet bar, large DR, SPECTACULAR kitchen with walk-in pantry, custom cabinetry, center island with seating and prep sink, and granite countertops. Stainless steel appliances include Wolf cooktop with downdraft vent, GE® Advantium™ microwave/speed oven/air fryer, Instant Hot water dispenser, and built-in wine cooler. Stunning primary suite with dual custom vanities, quartz countertops, separate tile shower and oversized Jacuzzi tub. Two walk-in closets—one cedar-lined and the other divided with custom cabinetry. Originally owned by an engineer who oversaw its construction in 1990, this home has been beautifully maintained. Recent improvements include Marvin™ windows, ProVia™ storm door, insulated garage door with ½ HP opener, tankless hot water heater, and whole-house (22kw) Generac® generator. Custom decorative glass panels outline the front door and form the transoms above the living room French doors, which open out to the raised terrace and peaceful backyard. Two gas-log fireplaces with custom doors and, wait for it, a complete-package NEW HVAC system installed June 2025 including 2 furnaces, main level humidifier, and 2 AC units. Spacious attic has been surveyed and can be converted to 5th BR and 3rd full bath. 2-car garage, beautifully landscaped yard with irrigation and night lighting, natural gas hookup for grill, full security system w recording cameras, motion-activated lights and Ring® doorbell. All appliances and window treatments convey. Located in the quiet neighborhood of Iroquois, this home is zoned for highly sought-after Julia Green Elementary and walking distance to Harpeth Hall School. BUYER AND/OR BUYERS AGENT TO VERIFY ALL INFO - INFO NOT VERIFIED BY LISTING AGENT. LIMITED SERVICE LISTING - CONTACT SELLER DIRECTLY FOR ALL SHOWINGS/INQUIRIES. SELLER TO BE MAIN POINT OF CONTACT.
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.
