VA
Active
58$585,000$241,538 equity gap
- Rate
- 2.78%
7.40%today- Payment
- $1,586/mo
$2,680today
- 3beds
- 3baths
- 2,512sqft
Bumpus Mills, Tennessee
Assumable homes for salein Bumpus Mills, Tennessee.
1 home in Bumpus Mills carries an existing FHA, VA, or USDA loan you can take over, with locked rates from 2.96%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Bumpus Mills assumable market
by the numbers.
1active assumable listing
2.96%lowest locked rate
$185kmedian list price
$293saved per month vs. 7.2%
About the market
Assumable mortgagesin Bumpus Mills, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Tennessee, filtered to Bumpus Mills. Updated October 2026.
How assumptions work for buyersBumpus Mills, Tennessee has 1 home for sale with an assumable mortgage as of October 2026: 1 FHA loan that a qualified buyer can take over at the seller's existing rate instead of financing at today's roughly 7.2%. Rates on active Bumpus Mills assumable listings start at 2.96% with a median of 2.96%; 1 listing is under 4% and 1 is under 5%.
The median assumable home in Bumpus Mills lists for $185,000, with a median of $92,742 in cash to assume, the gap between the price and the remaining loan balance. At the median assumable rate the principal-and-interest payment is about $437 a month versus $729 for the same balance at today's rate, roughly $293 kept every month and $3,511 a year. The most active Bumpus Mills ZIP codes are 37028 (1).
UMe confirms the balance, rate, and assumability of each listing with the listing agent before marking it Certified. FHA, VA, and USDA loans are assumable by law, and you do not need to be a veteran to assume a VA loan. Once you are under contract, the loan servicer underwrites you rather than a new lender; most Bumpus Mills assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Bumpus Mills
View all 1 on the map Homes on the marketin Bumpus Mills.
VA
Active
29$425,000$276,505 equity gap
- Rate
- 2.81%
7.40%today- Payment
- $800/mo
$1,279today
- 3beds
- 2baths
- 2,640sqft
2448 Highway 120, Big Rock
VA
Active
88$974,900$738,542 equity gap
- Rate
- 2.91%
7.40%today- Payment
- $1,133/mo
$1,883today
- 4beds
- 4baths
- 3,152sqft
160 Turkey Ridge Rd, Big Rock
FHA
Active
26$185,000$92,742 equity gap
- Rate
- 2.96%
7.40%today- Payment
- $437/mo
$721today
- 2beds
- 2baths
- 1,073sqft
123 Morgan Loop, Bumpus Mills
VA
Active
38$399,900$161,920 equity gap
- Rate
- 3.03%
7.40%today- Payment
- $1,164/mo
$1,904today
- 3beds
- 4baths
- 3,060sqft
127 Lena Sykes Rd, Dover
VA
Active
32$395,000$15,730 equity gap
- Rate
- 6.18%
7.40%today- Payment
- $2,332/mo
$2,641today
- 4beds
- 3baths
- 3,321sqft
408 Sandy Rd, Dover
Live MLS collection. Loan balances, payment estimates, and cash-to-assume amounts update with the source listing. Taxes, insurance, HOA, closing costs, and secondary financing may change the final monthly payment.
Inventory snapshot
What’s in the mixin Bumpus Mills.
Live counts from the MLS feeds we index for Tennessee. Updated October 2026.
- Active listings
- 1
- UMe Certified / verified
- 0
- Lowest rate
- 2.96%
- Median rate
- 2.96%
- Median list price
- $185,000
- Median cash to assume
- $92,742
Bumpus Mills listings by locked rate
- Under 4%1 home
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up0 homes
Bumpus Mills listings by loan type
- FHA1 homemedian 2.96%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Bumpus Mills ZIP code.
Each ZIP opens the Bumpus Mills map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Bumpus Mills numbers
What an assumable ratedoes to a Bumpus Mills payment.
The sliders start at the median Bumpus Mills assumable listing: $185,000 list price and a 2.96% existing rate. We compare the payment you would take over against financing the same balance with a new loan at today’s 7.20%. Principal and interest only; taxes, insurance, and HOA dues are the same either way.
The gap between price and balance is the seller’s equity: your cash to assume, or what a second loan can help cover.
Cash to assume (seller’s equity)$95,000
51% of the price. Eligible buyers can start with as little as 5% down using a second loan for the rest.
Your monthly payment if you assume in Bumpus Mills
$413/mo
New loan at 7.20%$611
Assumed at 2.95%
$413
Every month$197
Over five years$11,849
Interest you never pay$90,93826-year assumed loan vs. a new 30-year loan
Estimates for illustration. The real numbers depend on the loan, the servicer, and your qualification; every Bumpus Mills listing on UMe shows the actual balance, rate, and payment.
How it works in Bumpus Mills
How to assumea mortgage in Bumpus Mills.
You’re not applying for a new mortgage. You’re stepping into one that already exists, at the rate it was written. Four steps, and UMe owns the hard one.
Start with pre-qualification- 01
Find a Bumpus Mills home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Bumpus Mills map by existing rate, monthly payment, or cash to assume instead of by list price alone.
- 02
Cover the seller’s equity.
You pay the seller the difference between the price and the remaining balance, a median of $92,742 in Bumpus Mills today. Cash, a second loan, or seller financing can bridge it.
- 03
Qualify with the servicer, not a new lender.
The current loan servicer reviews your credit, income, and debt just like a lender would. UMe prepares the file, works the servicer directly, and chases every follow-up so the 45-to-90-day timeline holds.
- 04
Close and keep the rate.
The seller’s balance, rate, and remaining term become yours. No points, no origination fee, no reset to 30 years, and a Bumpus Mills payment written in a different decade.
Bumpus Mills questions
Assuming a mortgagein Bumpus Mills.
The numbers below come from current Bumpus Mills inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Bumpus Mills?
As of October 2026, UMe tracks 1 active assumable listing in Bumpus Mills. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Bumpus Mills?
Current Bumpus Mills inventory breaks down as FHA (1, median 2.96%). FHA, VA, and USDA mortgages are assumable by law, which is why they make up nearly all assumable listings. Conventional loans usually carry a due-on-sale clause and cannot be assumed. You do not need to be a veteran to assume a VA loan, though the seller's entitlement stays tied up unless you substitute your own.
What is the lowest assumable mortgage rate in Bumpus Mills?
The lowest rate on an active Bumpus Mills assumable listing is 2.96%, and the median across all 1 listing is 2.96%. 1 listing is under 4% and 1 is under 5%, compared with roughly 7.2% for a new 30-year loan today.
How much can I save with a mortgage assumption in Bumpus Mills?
Across current Bumpus Mills listings, the median principal-and-interest payment on the assumable loan is $437 per month versus $729 for the same balance at today's rates, a difference of about $293 every month, or $3,511 a year. The savings compound because you also keep the seller's remaining term instead of restarting a 30-year clock.
How much money do I need to assume a home in Bumpus Mills?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Bumpus Mills that gap is currently a median of $92,742 on a median list price of $185,000. Buyers cover it with cash, a second mortgage, or seller financing; UMe can connect you with lenders who write gap loans behind an assumption.
Which Bumpus Mills ZIP codes have the most assumable homes?
The Bumpus Mills ZIP codes with the most active assumable listings are 37028 (1). Use the map to draw your own boundary or filter by rate, payment, and down payment inside any of them.
How long does a mortgage assumption take in Bumpus Mills?
Most FHA and VA assumptions close in 45 to 90 days. The loan servicer, not a new lender, underwrites you, and servicer turnaround is the main variable. UMe tracks the file with the servicer and the listing agent so nothing stalls, and every listing shows whether the assumption has already been confirmed with the seller's side.
Nearby markets
All of Tennessee More assumable homesin Tennessee.
Ready when you are
Stop overpaying for Bumpus Mills.The rate is already on the house.
Every listing on the Bumpus Mills map has a rate you can take over. Start with the ones in Bumpus Mills, get pre-qualified in minutes, and let UMe carry the assumption to closing.
