1207 Nashville Hwy Columbia, TN 38401
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About this home
Assumable mortgage at 3%! Call listing for more details. Looking for a move-in-ready home with space and privacy near Columbia? This renovated single-level ranch sits on a roomy corner lot just over half an acre in North Columbia—only 5 minutes to the square, GM and Ultium, and less than 10 minutes to Target. Inside, you’ll find 3 bedrooms, 2.5 baths, and 1,836 square feet of updated living space. The kitchen features quartz countertops, a gas range with double ovens, and modern lighting. New luxury vinyl floors run throughout, and the renovated primary bath adds a fresh touch. Morning light fills the open living area and the large yard offers plenty of room for play or gardening. The oversized 2-car garage includes a climate-controlled storage room—perfect for hobbies or tools. Built in 1962 and carefully updated, this home has new plumbing, new HVAC ductwork, and a 5-year-old roof. No HOA. Easy access to Spring Hill, Franklin, and Nashville. This home’s assumable loan at just 3% interest makes it a rare find for today’s market—available to homeowners or investors (contact listing agent for details). The lot may be eligible for commercial rezoning, creating exciting options for future use—including short-term rentals (STRs / Airbnb) or small business possibilities. Don’t miss this versatile property packed with upgrades, investment potential, and unbeatable financing options. Get a 2% lender credit with our preferred lender—use it toward no closing costs or a massive rate buydown into the 5s!
Source: REALTRACS #3014072
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FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.