FHA
Active
47$274,900$42,867 equity gap
- Rate
- 3.45%
7.40%today- Payment
- $1,139/mo
$1,767today
- 3beds
- 2baths
- 1,320sqft
Smithville, Tennessee
Assumable homes for salein Smithville, Tennessee.
16 homes in Smithville carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 2.71%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Smithville assumable market
by the numbers.
16active assumable listings
2.71%lowest locked rate
$328kmedian list price
$378saved per month vs. 7.2%
About the market
Assumable mortgagesin Smithville, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Tennessee, filtered to Smithville. Updated October 2026.
How assumptions work for buyersSmithville, Tennessee has 16 homes for sale with an assumable mortgage as of October 2026: 9 FHA loans and 7 VA 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 Smithville assumable listings start at 2.71% with a median of 4.42%; 7 listings are under 4% and 10 are under 5%.
The median assumable home in Smithville lists for $327,500, with a median of $96,578 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 $1,444 a month versus $1,822 for the same balance at today's rate, roughly $378 kept every month and $4,539 a year. The most active Smithville ZIP codes are 37166 (16).
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 Smithville assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Smithville
View all 16 on the map Homes on the marketin Smithville.
FHA
Active
21$262,000$44,976 equity gap
- Rate
- 3.76%
7.40%today- Payment
- $1,100/mo
$1,642today
- 3beds
- 2baths
- 1,250sqft
117 Windy Cut St, Dowelltown
FHA
Active
26$229,900$43,830 equity gap
- Rate
- 4.16%
7.40%today- Payment
- $984/mo
$1,400today
- 3beds
- 2baths
- 1,620sqft
308 Allens Chapel Rd, Smithville
VA
Active
41$333,000$11,941 equity gap
- Rate
- 4.67%
7.40%today- Payment
- $1,788/mo
$2,395today
- 3beds
- 2baths
- 1,460sqft
219 Antler Dr, Smithville
FHA
Active
21$399,000$309,311 equity gap
- Rate
- 2.70%
7.40%today- Payment
- $411/mo
$702today
- 3beds
- 2baths
- 1,188sqft
3249 Pea Ridge Rd, Liberty
VA
Active
56$434,000$203,518 equity gap
- Rate
- 2.71%
7.40%today- Payment
- $1,076/mo
$1,835today
- 4beds
- 3baths
- 2,240sqft
135 Shiloh Ln, Smithville
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 Smithville.
Live counts from the MLS feeds we index for Tennessee. Updated October 2026.
- Active listings
- 16
- UMe Certified / verified
- 0
- Lowest rate
- 2.71%
- Median rate
- 4.42%
- Median list price
- $327,500
- Median cash to assume
- $96,578
Smithville listings by locked rate
- Under 4%7 homes
- 4% – 5%3 homes
- 5% – 6%3 homes
- 6% and up3 homes
Smithville listings by loan type
- FHA9 homesmedian 4.16%
- VA7 homesmedian 4.67%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Smithville ZIP code.
Each ZIP opens the Smithville map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Smithville numbers
What an assumable ratedoes to a Smithville payment.
The sliders start at the median Smithville assumable listing: $327,500 list price and a 4.42% 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)$100,000
30% 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 Smithville
$1,239/mo
New loan at 7.20%$1,561
Assumed at 4.40%
$1,239
Every month$322
Over five years$19,347
Interest you never pay$175,54526-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 Smithville listing on UMe shows the actual balance, rate, and payment.
How it works in Smithville
How to assumea mortgage in Smithville.
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 Smithville home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Smithville 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 $96,578 in Smithville 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 Smithville payment written in a different decade.
Smithville questions
Assuming a mortgagein Smithville.
The numbers below come from current Smithville inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Smithville?
As of October 2026, UMe tracks 16 active assumable listings in Smithville. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Smithville?
Current Smithville inventory breaks down as FHA (9, median 4.16%) and VA (7, median 4.67%). 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 Smithville?
The lowest rate on an active Smithville assumable listing is 2.71%, and the median across all 16 listings is 4.42%. 7 listings are under 4% and 10 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 Smithville?
Across current Smithville listings, the median principal-and-interest payment on the assumable loan is $1,444 per month versus $1,822 for the same balance at today's rates, a difference of about $378 every month, or $4,539 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 Smithville?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Smithville that gap is currently a median of $96,578 on a median list price of $327,500. 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 Smithville ZIP codes have the most assumable homes?
The Smithville ZIP codes with the most active assumable listings are 37166 (16). 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 Smithville?
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 Smithville.The rate is already on the house.
Every listing on the Smithville map has a rate you can take over. Start with the ones in Smithville, get pre-qualified in minutes, and let UMe carry the assumption to closing.
