A timeless treasure in the heart of East Nashville’s 37207 corridor — where historic architecture, generous land, and future potential come together. Set on a rare half-acre lot in East Nashville's Highland Heights, the property offers both immediate enjoyment + long-term opportunity. Located within a DADU overlay, it presents an investment opportunity to build a detached accessory dwelling unit — perfect for a backyard apartment, in-law suite, guest house, or income-producing rental. In a neighborhood where flexibility + future value matter, this zoning adds a powerful layer of potential. Perched gracefully above the street, this classic bungalow captures the essence of East Nashville charm. A wide, welcoming front porch sets the tone — the kind made for morning coffee, porch swings, and evenings relaxing. Inside, original hardwood floors glow with warmth, complemented by tall ceilings, rich wood trim, and preserved architectural details. Three decorative fireplaces create intimate retreats and reinforce the home’s authentic historic character. The living spaces are both refined and inviting, filled with natural light and anchored by timeless design elements. A versatile flex room provides endless opportunity — ideal for a home office, art studio, or creative space. Whether working remotely or cultivating a passion project, this home adapts beautifully to modern living. Located minutes from Highland Yards, East Nashville Beer Works, Momento Coffee, Lykke Haus Vintage Store, Crema, and more, and only a 10-minute drive to downtown. With convenient access to Ellington Parkway and I-65, commuting is seamless while maintaining the charm of a tree-lined residential setting. Historic East Nashville homes with authentic character, expansive lots, three fireplaces, and DADU potential are increasingly rare, offering not just a home, but a lifestyle — and the opportunity to shape its next chapter.
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.
