VA
Active
59$315,000$40,925 equity gap
- Rate
- 3.11%
7.40%today- Payment
- $1,298/mo
$2,103today
- 2beds
- 2baths
- 1,540sqft
Tennessee Ridge, Tennessee
Assumable homes for salein Tennessee Ridge, Tennessee.
2 homes in Tennessee Ridge carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 3.98%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Tennessee Ridge assumable market
by the numbers.
2active assumable listings
3.98%lowest locked rate
$355kmedian list price
$353saved per month vs. 7.2%
About the market
Assumable mortgagesin Tennessee Ridge, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Tennessee, filtered to Tennessee Ridge. Updated October 2026.
How assumptions work for buyersTennessee Ridge, Tennessee has 2 homes for sale with an assumable mortgage as of October 2026: 1 FHA loan and 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 Tennessee Ridge assumable listings start at 3.98% with a median of 4.55%; 1 listing is under 4% and 1 is under 5%.
The median assumable home in Tennessee Ridge lists for $354,500, with a median of $190,980 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 $1,016 a month versus $1,369 for the same balance at today's rate, roughly $353 kept every month and $4,232 a year. The most active Tennessee Ridge ZIP codes are 37178 (2).
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 Tennessee Ridge assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Tennessee Ridge
View all 2 on the map Homes on the marketin Tennessee Ridge.
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
457 Lakeland Dr, Dover
FHA
Active
40$410,000$317,731 equity gap
- Rate
- 3.98%
7.40%today- Payment
- $671/mo
$975today
- 5beds
- 3baths
- 3,258sqft
1649 N Main St, Tennessee Ridge
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
VA
Active
27$235,000$4,717 equity gap
- Rate
- 6.28%
7.40%today- Payment
- $1,483/mo
$1,662today
- 2beds
- 1baths
- 1,005sqft
2267 Leatherwood Rd, Stewart
VA
Active
31$349,900$20,314 equity gap
- Rate
- 5.81%
7.40%today- Payment
- $2,050/mo
$2,416today
- 3beds
- 3baths
- 2,467sqft
606 Thomas Ave, Cumberland City
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 Tennessee Ridge.
Live counts from the MLS feeds we index for Tennessee. Updated October 2026.
- Active listings
- 2
- UMe Certified / verified
- 0
- Lowest rate
- 3.98%
- Median rate
- 4.55%
- Median list price
- $354,500
- Median cash to assume
- $190,980
Tennessee Ridge listings by locked rate
- Under 4%1 home
- 4% – 5%0 homes
- 5% – 6%1 home
- 6% and up0 homes
Tennessee Ridge listings by loan type
- FHA1 homemedian 3.98%
- VA1 homemedian 5.13%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Tennessee Ridge ZIP code.
Each ZIP opens the Tennessee Ridge map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Tennessee Ridge numbers
What an assumable ratedoes to a Tennessee Ridge payment.
The sliders start at the median Tennessee Ridge assumable listing: $354,500 list price and a 4.55% 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)$190,000
54% 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 Tennessee Ridge
$903/mo
New loan at 7.20%$1,120
Assumed at 4.55%
$903
Every month$217
Over five years$13,030
Interest you never pay$121,51526-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 Tennessee Ridge listing on UMe shows the actual balance, rate, and payment.
How it works in Tennessee Ridge
How to assumea mortgage in Tennessee Ridge.
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 Tennessee Ridge home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Tennessee Ridge 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 $190,980 in Tennessee Ridge 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 Tennessee Ridge payment written in a different decade.
Tennessee Ridge questions
Assuming a mortgagein Tennessee Ridge.
The numbers below come from current Tennessee Ridge inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Tennessee Ridge?
As of October 2026, UMe tracks 2 active assumable listings in Tennessee Ridge. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Tennessee Ridge?
Current Tennessee Ridge inventory breaks down as FHA (1, median 3.98%) and VA (1, median 5.13%). 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 Tennessee Ridge?
The lowest rate on an active Tennessee Ridge assumable listing is 3.98%, and the median across all 2 listings is 4.55%. 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 Tennessee Ridge?
Across current Tennessee Ridge listings, the median principal-and-interest payment on the assumable loan is $1,016 per month versus $1,369 for the same balance at today's rates, a difference of about $353 every month, or $4,232 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 Tennessee Ridge?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Tennessee Ridge that gap is currently a median of $190,980 on a median list price of $354,500. 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 Tennessee Ridge ZIP codes have the most assumable homes?
The Tennessee Ridge ZIP codes with the most active assumable listings are 37178 (2). 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 Tennessee Ridge?
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 Tennessee Ridge.The rate is already on the house.
Every listing on the Tennessee Ridge map has a rate you can take over. Start with the ones in Tennessee Ridge, get pre-qualified in minutes, and let UMe carry the assumption to closing.
