$3,500 Lender Credit & FREE Appraisal + sub 3% Interest rate with Assumable loan! Your everyday-easy home between Gallatin and Hendersonville. Weekend lake days, quick errands, and low-maintenance living all in one spot. Tucked inside a cozy, active neighborhood, this 4 bedroom, 3 full bath home with a loft + 2 car garage puts work, play, and everyday conveniences in reach. You are under 15 minutes to either Gallatin or Hendersonville for work, dinner, and shopping, &Old Hickory Lake + nearby marinas are just a quick drive away for boat days and lakeside dining. Only four years old, the home still shows like new. Exterior maintenance is handled by the HOA making maintenance easy. Inside, the main level feels open & welcoming with LVP flooring throughout the primary living areas is durable & stands up to real life. The open concept layout connects the kitchen, dining, and living spaces for easy weeknights and effortless entertaining. In the kitchen, you will find quartz countertops and generous prep space, while a mudroom style drop zone off the garage keeps bags, shoes, and everyday clutter contained. A main level bedroom and full bath add flexibility for your season of life, whether you need guest space, a nursery, playroom, or quiet home office. Upstairs, the loft works as a reading nook, workspace, media room, game room, or second living area. The spacious primary suite includes double vanities, a large shower, and a huge walk in closet with room to grow. Two additional bedrooms, and a full bath complete the second floor. Step outside to a private back patio that backs to a mature tree line, a great spot for morning coffee or unwinding at the end of the day. Everyday errands stay simple: Kroger, Publix, Starbucks, Edley’s, gas stations, and doctor’s offices are all under 10 minutes away. The small neighborhood feel means less cut through traffic and a quieter pace while still keeping you close to parks, restaurants, and community events.
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.
