Experience the perfect blend of sophisticated townhome living and urban convenience in the highly sought-after Gateway Village in walkable Franklin. This isn't just a home; it’s a lifestyle designed for those who value both high-end comfort and effortless connectivity. Step inside to find a sun-drenched interior where modern updates meet timeless charm. The heart of the home shines with a large kitchen and dining room, great for gathering and a new kitchen stove for family meals. The expansive primary suite is a true sanctuary, featuring a private balcony for morning coffee, a versatile "nook" ideal for a quiet reading corner or home office, and dual walk-in closets. The spa-like primary bath invites relaxation with an oversized soaking tub and a large walk-in shower. Entertaining is seamless, whether you’re hosting in the open-concept living area or retreating to your large private patio for an evening under the stars. For the tech-savvy and practical-minded, this home is fully equipped for the future: a Tesla 240V plug in the two-car garage, a new tankless water heater, and a new HVAC system. Storage is never an issue here, with a massive attic space easily accessed via permanent stairs that could also be built-out and utilized as a true office space. Start your day with coffee at Herban Market and end with dinner at Sopapillas, after shopping at the flower shop, and other great boutiques in this neighborhood. With a new roof being installed soon by the HOA, this is truly a low-maintenance, turn-key opportunity in one of Williamson County's most walkable neighborhoods.
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.
