FHA
Active
39$409,900$271,798 equity gap
- Rate
- 2.88%
7.40%today- Payment
- $646/mo
$1,078today
- 3beds
- 1baths
- 1,325sqft
Decatur, Tennessee
Assumable homes for salein Decatur, Tennessee.
3 homes in Decatur carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 2.88%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Decatur assumable market
by the numbers.
3active assumable listings
2.88%lowest locked rate
$410kmedian list price
$167saved per month vs. 7.2%
About the market
Assumable mortgagesin Decatur, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Tennessee, filtered to Decatur. Updated October 2026.
How assumptions work for buyersDecatur, Tennessee has 3 homes for sale with an assumable mortgage as of October 2026: 3 FHA loans 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 Decatur assumable listings start at 2.88% with a median of 6.35%; 1 listing is under 4% and 1 is under 5%.
The median assumable home in Decatur lists for $409,900, with a median of $271,798 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 $1,323 a month versus $1,490 for the same balance at today's rate, roughly $167 kept every month and $1,999 a year. The most active Decatur ZIP codes are 37322 (3).
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 Decatur assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Decatur
View all 3 on the map Homes on the marketin Decatur.
FHA
Active
41$329,000$148,474 equity gap
- Rate
- 2.88%
7.40%today- Payment
- $845/mo
$1,409today
- 3beds
- 2baths
- 1,632sqft
123 Pine Ridge Dr, Dayton
FHA
Active
56$435,000$330,414 equity gap
- Rate
- 3.05%
7.40%today- Payment
- $569/mo
$885today
- 4beds
- 2baths
- 1,832sqft
263 Scenic Hill Drive, Spring City
FHA
Active
60$595,000$465,897 equity gap
- Rate
- 3.38%
7.40%today- Payment
- $858/mo
$1,343today
- 5beds
- 4baths
- 2,784sqft
128 County Road 101, Riceville
FHA
Active
32$363,000$19,411 equity gap
- Rate
- 4.98%
7.40%today- Payment
- $1,972/mo
$2,549today
- 3beds
- 2baths
- 2,280sqft
120 County Road 717, Athens
FHA
Active
19$215,000$10,649 equity gap
- Rate
- 6.35%
7.40%today- Payment
- $1,323/mo
$1,472today
- 3beds
- 2baths
- 1,640sqft
17986 State Highway 58, Decatur
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 Decatur.
Live counts from the MLS feeds we index for Tennessee. Updated October 2026.
- Active listings
- 3
- UMe Certified / verified
- 0
- Lowest rate
- 2.88%
- Median rate
- 6.35%
- Median list price
- $409,900
- Median cash to assume
- $271,798
Decatur listings by locked rate
- Under 4%1 home
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up2 homes
Decatur listings by loan type
- FHA3 homesmedian 6.35%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Decatur ZIP code.
Each ZIP opens the Decatur map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Decatur numbers
What an assumable ratedoes to a Decatur payment.
The sliders start at the median Decatur assumable listing: $409,900 list price and a 6.35% 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)$270,000
66% 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 Decatur
$918/mo
New loan at 7.20%$950
Assumed at 6.35%
$918
Every month$33
Over five years$1,958
Interest you never pay$55,79926-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 Decatur listing on UMe shows the actual balance, rate, and payment.
How it works in Decatur
How to assumea mortgage in Decatur.
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 Decatur home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Decatur 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 $271,798 in Decatur 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 Decatur payment written in a different decade.
Decatur questions
Assuming a mortgagein Decatur.
The numbers below come from current Decatur inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Decatur?
As of October 2026, UMe tracks 3 active assumable listings in Decatur. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Decatur?
Current Decatur inventory breaks down as FHA (3, median 6.35%). 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 Decatur?
The lowest rate on an active Decatur assumable listing is 2.88%, and the median across all 3 listings is 6.35%. 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 Decatur?
Across current Decatur listings, the median principal-and-interest payment on the assumable loan is $1,323 per month versus $1,490 for the same balance at today's rates, a difference of about $167 every month, or $1,999 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 Decatur?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Decatur that gap is currently a median of $271,798 on a median list price of $409,900. 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 Decatur ZIP codes have the most assumable homes?
The Decatur ZIP codes with the most active assumable listings are 37322 (3). 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 Decatur?
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 Decatur.The rate is already on the house.
Every listing on the Decatur map has a rate you can take over. Start with the ones in Decatur, get pre-qualified in minutes, and let UMe carry the assumption to closing.
