VA
Active
44$324,900$55,840 equity gap
- Rate
- 3.14%
7.18%today- Payment
- $1,287/mo
$2,032today
- 2beds
- 2baths
- 1,266sqft
Burns, Tennessee
Assumable homes for salein Burns, Tennessee.
5 homes in Burns carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 2.99%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Burns assumable market
by the numbers.
5active assumable listings
2.99%lowest locked rate
$445kmedian list price
$699saved per month vs. 7.2%
About the market
Assumable mortgagesin Burns, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Tennessee, filtered to Burns. Updated November 2026.
How assumptions work for buyersBurns, Tennessee has 5 homes for sale with an assumable mortgage as of November 2026: 4 FHA loans 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 Burns assumable listings start at 2.99% with a median of 6.24%; 1 listing is under 4% and 1 is under 5%.
The median assumable home in Burns lists for $444,900, with a median of $106,615 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 $1,610 a month versus $2,309 for the same balance at today's rate, roughly $699 kept every month and $8,392 a year. The most active Burns ZIP codes are 37029 (5).
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 Burns assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Burns
View all 5 on the map Homes on the marketin Burns.
VA
Active
52$444,900$106,615 equity gap
- Rate
- 2.99%
7.18%today- Payment
- $1,610/mo
$2,590today
- 4beds
- 3baths
- 2,132sqft
402 Barbaro Ct, Burns
VA
Active
79$2,750,000$428,662 equity gap
- Rate
- 3.76%
7.18%today- Payment
- $11,783/mo
$17,215today
- 3beds
- 6baths
- 9,187sqft
7699 N County Line Rd, Fairview
FHA
Active
38$369,900$201,154 equity gap
- Rate
- 2.74%
7.18%today- Payment
- $789/mo
$1,310today
- 3beds
- 1baths
- 1,661sqft
9023 Middle Lick Creek Rd, Lyles
FHA
Active
22$356,500$201,243 equity gap
- Rate
- 2.77%
7.18%today- Payment
- $728/mo
$1,205today
- 2beds
- 2baths
- 1,617sqft
309 Bluebird Ln, Dickson
VA
Active
55$549,900$274,331 equity gap
- Rate
- 2.87%
7.18%today- Payment
- $1,288/mo
$2,105today
- 4beds
- 3baths
- 2,608sqft
3920 Highway 47, Charlotte
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 Burns.
Live counts from the MLS feeds we index for Tennessee. Updated November 2026.
- Active listings
- 5
- UMe Certified / verified
- 0
- Lowest rate
- 2.99%
- Median rate
- 6.24%
- Median list price
- $444,900
- Median cash to assume
- $106,615
Burns listings by locked rate
- Under 4%1 home
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up4 homes
Burns listings by loan type
- FHA4 homesmedian 6.47%
- VA1 homemedian 2.99%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Burns ZIP code.
Each ZIP opens the Burns map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Burns numbers
What an assumable ratedoes to a Burns payment.
The sliders start at the median Burns assumable listing: $444,900 list price and a 6.24% 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)$105,000
24% 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 Burns
$2,207/mo
New loan at 7.20%$2,308
Assumed at 6.25%
$2,207
Every month$101
Over five years$6,034
Interest you never pay$142,15426-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 Burns listing on UMe shows the actual balance, rate, and payment.
How it works in Burns
How to assumea mortgage in Burns.
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 Burns home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Burns 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 $106,615 in Burns 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 Burns payment written in a different decade.
Burns questions
Assuming a mortgagein Burns.
The numbers below come from current Burns inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Burns?
As of November 2026, UMe tracks 5 active assumable listings in Burns. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Burns?
Current Burns inventory breaks down as FHA (4, median 6.47%) and VA (1, median 2.99%). 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 Burns?
The lowest rate on an active Burns assumable listing is 2.99%, and the median across all 5 listings is 6.24%. 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 Burns?
Across current Burns listings, the median principal-and-interest payment on the assumable loan is $1,610 per month versus $2,309 for the same balance at today's rates, a difference of about $699 every month, or $8,392 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 Burns?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Burns that gap is currently a median of $106,615 on a median list price of $444,900. 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 Burns ZIP codes have the most assumable homes?
The Burns ZIP codes with the most active assumable listings are 37029 (5). 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 Burns?
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 Burns.The rate is already on the house.
Every listing on the Burns map has a rate you can take over. Start with the ones in Burns, get pre-qualified in minutes, and let UMe carry the assumption to closing.