Separate 1BR rental unit • Creek-view deck • 2020 remodel • 15-min to parks, coffee & I-65 • Assumable 3.2% loan Single-story ranch offering a rare two-unit layout in Goodlettsville. This 4 BR / 2 BA home is configured as two separate living spaces: a 3 BR / 1 BA main residence and a 1 BR / 1 BA unit with private entrance, full kitchen, and laundry connections. The 1BR unit is currently rented month-to-month, creating immediate rental income and flexible use for house hacking, multigenerational living, guest suite, or long-term rental, subject to local regulations. Remodeled in 2020 with newer tile flooring in the living room and kitchen and updated appliances. Bright interior layout opens to a large rear deck overlooking a year-round creek, plus a covered front porch for additional outdoor living. Situated on a 0.32-acre lot with mature trees and extra paved parking for multiple vehicles. Located within a 15-minute drive to Moss-Wright Park trails, Peay Park tennis and pickleball courts, neighborhood parks, RiverGate shopping and dining, and multiple coffee options including 7 Brew Coffee, Bloom & Brew, Lasater’s Coffee & Tea, Scooter’s Coffee, and Starbucks. Historic Mansker’s Station is also nearby. Positioned for quick access to I-65, allowing direct commutes north toward Hendersonville or south toward downtown Nashville. Combination of income potential, separate entrance apartment, updated interior finishes, outdoor living space, and central commuter access is difficult to find at this price point. Seller’s loan is assumable at 3.2% interest rate. Nearby Amenity List (within ~15-minute drive) Parks & Recreation Peay Park (tennis / pickleball / splash pad) Gateway Park Brooks Park Coffee & Daily Stops 7 Brew Coffee Bloom & Brew Coffee Starbucks (RiverGate) Shopping & Dining RiverGate area shops and restaurants Goodlettsville Antique Mall / Rare Bird Antique Mall Local Landmarks Historic Mansker’s Station Bowen-Campbell House I-65 north and south
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.
