FHA
Active
37$549,900$279,990 equity gap
- Rate
- 2.98%
7.40%today- Payment
- $1,313/mo
$2,162today
- 3beds
- 5baths
- 3,816sqft
Springville, Tennessee
Assumable homes for salein Springville, Tennessee.
2 homes in Springville carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 6.27%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Springville assumable market
by the numbers.
2active assumable listings
6.27%lowest locked rate
$257kmedian list price
$68saved per month vs. 7.2%
About the market
Assumable mortgagesin Springville, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Tennessee, filtered to Springville. Updated October 2026.
How assumptions work for buyersSpringville, 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 Springville assumable listings start at 6.27% with a median of 6.66%; 0 listings are under 4% and 0 are under 5%.
The median assumable home in Springville lists for $257,400, with a median of $120,478 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 $904 a month versus $972 for the same balance at today's rate, roughly $68 kept every month and $813 a year. The most active Springville ZIP codes are 38256 (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 Springville assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Springville
View all 2 on the map Homes on the marketin Springville.
FHA
Active
15$115,000$103,935 equity gap
- Rate
- 3.89%
7.40%today- Payment
- $61/mo
$88today
- 2beds
- 1baths
- 1,158sqft
146 Mimosa St, Camden
FHA
Active
23$179,900$105,925 equity gap
- Rate
- 4.43%
7.40%today- Payment
- $444/mo
$612today
- 3beds
- 2baths
- 1,400sqft
130 Mimosa St, Camden
FHA
Active
35$279,900$37,809 equity gap
- Rate
- 6.62%
7.40%today- Payment
- $1,571/mo
$1,700today
- 3beds
- 2baths
- 1,505sqft
165 Dortch Ln, Paris
VA
Active
59$235,900$23,763 equity gap
- Rate
- 6.87%
7.40%today- Payment
- $1,413/mo
$1,490today
- 3beds
- 2baths
- 1,590sqft
197 Old Homestead Rd, Big Sandy
FHA
Active
21$249,500$54,144 equity gap
- Rate
- 6.69%
7.40%today- Payment
- $1,296/mo
$1,392today
- 3beds
- 2baths
- 1,867sqft
2867 Little Sulphur Creek Rd, Big Sandy
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 Springville.
Live counts from the MLS feeds we index for Tennessee. Updated October 2026.
- Active listings
- 2
- UMe Certified / verified
- 0
- Lowest rate
- 6.27%
- Median rate
- 6.66%
- Median list price
- $257,400
- Median cash to assume
- $120,478
Springville listings by locked rate
- Under 4%0 homes
- 4% – 5%0 homes
- 5% – 6%0 homes
- 6% and up2 homes
Springville listings by loan type
- FHA1 homemedian 6.27%
- VA1 homemedian 7.04%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Springville ZIP code.
Each ZIP opens the Springville map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Springville numbers
What an assumable ratedoes to a Springville payment.
The sliders start at the median Springville assumable listing: $257,400 list price and a 6.66% 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)$120,000
47% 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 Springville
$910/mo
New loan at 7.20%$916
Assumed at 6.65%
$910
Every month$6
Over five years$354
Interest you never pay$45,82426-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 Springville listing on UMe shows the actual balance, rate, and payment.
How it works in Springville
How to assumea mortgage in Springville.
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 Springville home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Springville 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 $120,478 in Springville 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 Springville payment written in a different decade.
Springville questions
Assuming a mortgagein Springville.
The numbers below come from current Springville inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Springville?
As of October 2026, UMe tracks 2 active assumable listings in Springville. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Springville?
Current Springville inventory breaks down as FHA (1, median 6.27%) and VA (1, median 7.04%). 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 Springville?
The lowest rate on an active Springville assumable listing is 6.27%, and the median across all 2 listings is 6.66%. 0 listings are under 4% and 0 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 Springville?
Across current Springville listings, the median principal-and-interest payment on the assumable loan is $904 per month versus $972 for the same balance at today's rates, a difference of about $68 every month, or $813 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 Springville?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Springville that gap is currently a median of $120,478 on a median list price of $257,400. 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 Springville ZIP codes have the most assumable homes?
The Springville ZIP codes with the most active assumable listings are 38256 (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 Springville?
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 Springville.The rate is already on the house.
Every listing on the Springville map has a rate you can take over. Start with the ones in Springville, get pre-qualified in minutes, and let UMe carry the assumption to closing.