Assumable homes for salein Tennessee.

As of November 2026, UMe tracks 2,576 active assumable listings in Tennessee. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.

Current Tennessee inventory breaks down as FHA (1,552, median 6.12%) and VA (1,024, median 5.55%). 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.

The lowest rate on an active Tennessee assumable listing is 2.10%, and the median across all 2,576 listings is 6.08%. 838 listings are under 4% and 1,060 are under 5%, compared with roughly 7.2% for a new 30-year loan today.

Across current Tennessee listings, the median principal-and-interest payment on the assumable loan is $1,612 per month versus $2,031 for the same balance at today's rates, a difference of about $419 every month, or $5,027 a year. The savings compound because you also keep the seller's remaining term instead of restarting a 30-year clock.

When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Tennessee that gap is currently a median of $95,687 on a median list price of $375,000. Buyers cover it with cash, a second mortgage, or seller financing; UMe can connect you with lenders who write gap loans behind an assumption.

The deepest assumable inventory in Tennessee is in Clarksville (482), Nashville (177), Murfreesboro (152), Lebanon (64), and Gallatin (62). Each city has its own page with live counts, rates, and neighborhoods, and the Tennessee map lets you search the whole state at once.

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.