Beautiful Home with Outdoor Living Space! LOCATION, LOCATION, LOCATION! Welcome Home to 3018 Firerock Dr. Murfreesboro, TN! This well maintained home in the highly desirable Barfield Downs Subdivision is ideally located near shopping, Greenway trails, dining and everyday conveniences. This home offers comfort, style, and outstanding location! Inside this home is a thoughtfully designed layout with stainless steel kitchen appliances, granite countertops, all electric throughout and the warmth and ambiance of a gas fireplace in Family Room. Main level Owner suite with tray ceiling and ensuite bath, garden tub, large walk-in closet with shelving, plenty of storage and privacy. Entrance foyer with access to Family Room or Formal Dining Room. Main floor also has additional half bath. Nice sized Laundry room with cabinets. Located upstairs are 2 additional bedrooms and one full bathroom. Window shades and blinds remain. Walk in attic storage. Two-car attached garage with concrete driveway. HVAC system replaced in 2025. Smart garage door system. The landscaped front entrance comes complete with sprinkler/watering system. Step outside to a fully fenced backyard including a covered patio and extended concrete open patio area. Perfect setting for entertaining guests and relaxing year round. Great neighborhood with sidewalks and easy access to Greenway. This home is ready for making memories with the new owners! Buyer to verify all information.
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.
