FHA
Active
33$345,000$174,334 equity gap
- Rate
- 2.90%
7.40%today- Payment
- $844/mo
$1,387today
- 4beds
- 2baths
- 2,960sqft
Chestnut Mound, Tennessee
Assumable homes for salein Chestnut Mound, Tennessee.
1 home in Chestnut Mound carries an existing FHA, VA, or USDA loan you can take over, with locked rates from 6.08%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Chestnut Mound assumable market
by the numbers.
1active assumable listing
6.08%lowest locked rate
$425kmedian list price
$274saved per month vs. 7.2%
About the market
Assumable mortgagesin Chestnut Mound, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Tennessee, filtered to Chestnut Mound. Updated October 2026.
How assumptions work for buyersChestnut Mound, Tennessee has 1 home for sale with an assumable mortgage as of October 2026: 1 VA 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 Chestnut Mound assumable listings start at 6.08% with a median of 6.08%; 0 listings are under 4% and 0 are under 5%.
The median assumable home in Chestnut Mound lists for $425,000, with a median of $145,508 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 $1,729 a month versus $2,004 for the same balance at today's rate, roughly $274 kept every month and $3,291 a year. The most active Chestnut Mound ZIP codes are 38552 (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 Chestnut Mound assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Chestnut Mound
View all 1 on the map Homes on the marketin Chestnut Mound.
FHA
Active
80$369,900$221,443 equity gap
- Rate
- 3.30%
7.40%today- Payment
- $752/mo
$1,189today
- 3beds
- 1baths
- 1,434sqft
537 Defeated Creek Hwy, Carthage
VA
Active
58$725,000$431,352 equity gap
- Rate
- 3.75%
7.40%today- Payment
- $1,579/mo
$2,360today
- 3beds
- 4baths
- 2,400sqft
480 Seaton Dr, Smithville
VA
Active
24$394,500$28,180 equity gap
- Rate
- 7.17%
7.40%today- Payment
- $2,538/mo
$2,596today
- 3beds
- 2baths
- 1,456sqft
115 Harris Hollow Rd, Pleasant Shade
FHA
Active
25$350,000$40,508 equity gap
- Rate
- 7.49%
7.40%today- Payment
- $2,222/mo
$2,203today
- 4beds
- 2baths
- 1,986sqft
204 Jefferson Ave, Carthage
FHA
Active
44$359,900$80,839 equity gap
- Rate
- 6.90%
7.40%today- Payment
- $1,876/mo
$1,973today
- 3beds
- 3baths
- 2,820sqft
518 Jefferson Ave, Carthage
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 Chestnut Mound.
Live counts from the MLS feeds we index for Tennessee. Updated October 2026.
- Active listings
- 1
- UMe Certified / verified
- 0
- Lowest rate
- 6.08%
- Median rate
- 6.08%
- Median list price
- $425,000
- Median cash to assume
- $145,508
Chestnut Mound listings by locked rate
- Under 4%0 homes
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up1 home
Chestnut Mound listings by loan type
- VA1 homemedian 6.08%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Chestnut Mound ZIP code.
Each ZIP opens the Chestnut Mound map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Chestnut Mound numbers
What an assumable ratedoes to a Chestnut Mound payment.
The sliders start at the median Chestnut Mound assumable listing: $425,000 list price and a 6.08% 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)$145,000
34% 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 Chestnut Mound
$1,792/mo
New loan at 7.20%$1,901
Assumed at 6.10%
$1,792
Every month$109
Over five years$6,538
Interest you never pay$125,22926-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 Chestnut Mound listing on UMe shows the actual balance, rate, and payment.
How it works in Chestnut Mound
How to assumea mortgage in Chestnut Mound.
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 Chestnut Mound home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Chestnut Mound 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 $145,508 in Chestnut Mound 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 Chestnut Mound payment written in a different decade.
Chestnut Mound questions
Assuming a mortgagein Chestnut Mound.
The numbers below come from current Chestnut Mound inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Chestnut Mound?
As of October 2026, UMe tracks 1 active assumable listing in Chestnut Mound. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Chestnut Mound?
Current Chestnut Mound inventory breaks down as VA (1, median 6.08%). 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 Chestnut Mound?
The lowest rate on an active Chestnut Mound assumable listing is 6.08%, and the median across all 1 listing is 6.08%. 0 listings are under 4% and 0 are under 5%, compared with roughly 7.2% for a new 30-year loan today.
How much can I save with a mortgage assumption in Chestnut Mound?
Across current Chestnut Mound listings, the median principal-and-interest payment on the assumable loan is $1,729 per month versus $2,004 for the same balance at today's rates, a difference of about $274 every month, or $3,291 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 Chestnut Mound?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Chestnut Mound that gap is currently a median of $145,508 on a median list price of $425,000. 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 Chestnut Mound ZIP codes have the most assumable homes?
The Chestnut Mound ZIP codes with the most active assumable listings are 38552 (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 Chestnut Mound?
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 Chestnut Mound.The rate is already on the house.
Every listing on the Chestnut Mound map has a rate you can take over. Start with the ones in Chestnut Mound, get pre-qualified in minutes, and let UMe carry the assumption to closing.
