Nestled among the mature trees of Stevens Lane in the sought-after Bordeaux area of Nashville, this stunning all-brick home offers the perfect blend of privacy, elegance, and convenience. Perched on an elevated setting, you are welcomed with sweeping front views and a secluded retreat in the back. Inside, the main level is filled with timeless architectural detail. The living and dining rooms feature genuine sanded-in-place hardwood floors, oversized windows that flood the spaces with natural light, elegant wainscoting, intricate millwork, soaring 12-foot ceilings, and gracefully arched entryways that create a warm yet sophisticated atmosphere throughout. The spacious kitchen is designed for both everyday living and entertaining, offering abundant cabinet and counter space along with a charming over-the-sink window framing tranquil greenery views that bring the outdoors inside. Upstairs, all three bedrooms are bright and inviting with large windows and beautiful natural light. The primary suite is a true retreat, featuring a spacious walk-in closet, a distinctive tray ceiling with built-in ambient lighting above the bed, and a luxurious en suite bath complete with a soaking tub and shower. Just down the hall, the incredible Florida Room provides year-round enjoyment with windows on three sides, and built-in seating Step outside this space onto an extraordinary custom deck designed for relaxation and complete with generous seating areas, a fire pit, and a hot tub surrounded by nature and privacy. You'll find more entertainment above the garage. There's an impressive theater room featuring a massive screen for movie nights, game days, and gatherings with family and friends. Despite its peaceful, tucked-away feel, this exceptional home is located just minutes from Nashville’s most popular destinations. Enjoy quick access to greenways, golf, fitness and recreation, eclectic restaurants, and shopping downtown - all while coming home to your own private hilltop sanctuary.
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.
