Welcome to Falls Grove in beautiful College Grove—where everyday living feels like a private retreat. This former model home floor plan showcases one of the community’s most loved layouts perched on a hill with peaceful wooded views, offering over 3,400 sqft of spacious, functional living designed for the modern family. From the moment you step inside, you’re greeted with natural light and an open-concept layout perfect for entertaining. Entering from the front door you'll see a Study/Downstairs guest room with full bath en-suite, leading into the formal dining/flex space then the expansive kitchen features a gas cooktop, double ovens, generous prep space, and flows seamlessly into the breakfast room and family room—then out to a covered, screened porch overlooking your private fenced backyard with the mature woods behind to enjoy peaceful views or even go in to explore! The three-car garage even includes an above-ground EF-5 rated steel storm shelter for added peace of mind! Upstairs, the oversized primary suite offers double walk-in closets and a true retreat feel. Three additional spacious bedrooms—each with walk-in closets—plus an open play loft and conveniently located laundry room make daily life effortless. This home is situated in the back of the neighborhood near the beloved open green space where you can enjoy play, gathering and holiday fun! And Lifestyle? Unmatched. Living in Falls Grove is like being on a vacation year-round—with a heated resort-style pool, clubhouse with full gym, tennis courts, pickleball courts, basketball courts, a putting green, playground, and scenic walking views that make evening strolls unforgettable. Just minutes to 840, 65, Franklin, and Cool Springs a short drive to all the stores and conveniences—this isn’t just a home. It’s a lifestyle upgrade. You may never want to leave; the location and lifestyle is hard to beat!
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.
