Your Music City Dream Home Awaits! Fully furnished & packed with all the appliances. Hold onto your cowboy hats y'all because this Nashville stunner is hitting the market hotter than a summer BBQ on Lower Broadway! Nestled just a hop, skip, & a jump from downtown Nashville, this 3-bedroom, 2-full-bathroom charmer is ready to steal your heart faster than a country ballad. Whether you’re dreaming of a cozy forever home or a cash-cow short-term rental investment (hello, Airbnb goldmine!), this property is screaming “pick me!” NO pesky HOA!!! Step inside & bask in the glow of natural daylight pouring through every window—seriously, this place is brighter than a sunny day at Shelby Park, just minutes away! The open, airy layout flows like a smooth Cumberland River breeze, leading you to a wood-burning fireplace that’s begging for cozy nights with a glass of Tennessee whiskey. The kitchen is ready for your culinary encore! Feel like a cowboy campfire? Step outback where the outdoor firepit is already set up for you, and the fully fenced-in yard is perfect for furry friends or impromptu cornhole tournaments. Attached garage! Now, let’s talk about that showstopper: the large, sunny BBQ deck. This baby is made for grillin, chillin, & strummin a guitar under the stars with your guests who will be posting Instagram stories faster than you can say “Music City magic.” Location? You’re practically neighbors with the Cumberland River, Shelby Park, and the Cooper Creek Trailhead, plus downtown Nashville’s neon lights are just a quick jaunt away. Oh, and Nashville International Airport? A breezy 13-mile drive—your out-of-town guests will thank you. This home is a rare find, folks, and it’s gonna move faster than a line dance at a honky-tonk. With its prime location & short-term rental potential, investors & homeowners alike will be clamoring for a piece of this pie. Don’t wait for the encore—call NOW to schedule your private tour before this hot property two-steps off the market!
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.
