Set on a prominent corner lot, under 15 minutes from the energy of East Nashville, Downtown and BNA, this beautifully maintained ranch home effortlessly blends privacy with indoor-outdoor living. Thoughtfully designed, the home features a serene primary bedroom retreat with a walk-in closet and updated ensuite bath. Inviting living spaces with original hardwood floors and mid-century details are anchored by a cozy fireplace, while Art Deco–inspired glass pocket doors add timeless glamour and architectural character. The kitchen offers ample prep space and a functional layout that flows into both the home’s main dining area and outside to the enclosed porch, while the dedicated laundry area includes a washer and dryer that can convey with the sale. Outdoor living takes center stage with an expansive fully-fenced backyard guarded by an electric wrought-iron security gate at the driveway entrance. A private patio, spacious wood deck and screened-in covered porch with ceiling fan create multiple settings for entertaining or relaxing at home. The property has NO HOA restrictions and a BRAND NEW ROOF as of 4 months ago! An oversized concrete parking pad, large detached two-car garage and additional storage shed provide generous space for vehicles, tools or hobby storage. Perfectly located minutes away from the area’s best recreation including Hermitage Golf Course, Cedar Hill Park, Sun Life Boat Marina, Old Hickory Lake, Sam’s on Blue Turtle Bay and Amqui Station Farmers Market, to name a few local favorites. Nearby resort-style public amenities feature tennis courts, paved walking and biking trails, driving ranges, fishing, boating and dining. You simply can't beat the location! Make 901 Vantrease Road your sanctuary today and elevate your lifestyle with exceptional golf, park and marina access. This charming cottage property offers the perfect blend of comfort, world class recreation and convenience.
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.
