5001 Morning Dove Ln Spring Hill, TN 37174
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About this home
Assumable loan at low 2.75% interest—a major savings opportunity compared to today’s rates. GREAT for first-time homebuyers! This beautiful modern craftsman-style home sits on a corner lot in highly desirable Spring Hill, TN, just minutes from historic Franklin. With its inviting brick exterior, warm wood shutters, and cozy covered front porch, it’s the perfect blend of comfort and charm. Inside, you’ll find an open floor plan that makes entertaining and everyday living easy. The living spaces flow seamlessly together, ideal for first-time buyers looking for a home to call their own. Step out back to enjoy your private, fully fenced backyard—perfect for pets, kids, or peaceful evenings under the stars. Located close to shopping, dining, schools, and commuter routes, this home offers both convenience and community in one of Middle Tennessee’s most sought-after areas. Key Features: Assumable 2.75% loan – perfect for first-time buyers seeking affordability .23-acre corner lot offering extra space and curb appeal Private fenced backyard ideal for outdoor enjoyment Open-concept design Prime Spring Hill location just minutes from Franklin Roof is 2 years old This home checks every box for a first-time buyer—affordable, stylish, and move-in ready with a rare low-rate financing opportunity. And the roof is only two years old!
Source: REALTRACS #3038204
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Close stress-free in 45 days, handled start to finish by Roam.
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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.