Assumable homes for sale in Lake City, TN

3 homesFHA & VA loansrates from 3.43% vs 7.40% today

Lake City assumption guide

140 Westwood Drive, Clinton, TN, 37716 — assumable VA mortgage at 3.43%

Active

$399,900$291,027 equity gap

Rate: 3.43%; ~~7.40%~~today
Payment: $628/mo; ~~$976~~today

3beds
2baths
2,106sqft

140 Westwood Drive, Clinton

250 McDeerman Rd, Jacksboro, TN, 37757 — assumable FHA mortgage at 6.09%

FHA

Active

$270,000$10,266 equity gap

Rate: 6.09%; ~~7.40%~~today
Payment: $1,609/mo; ~~$1,840~~today

3beds
2baths
1,892sqft

250 McDeerman Rd, Jacksboro

1933 Mountain Rd, Andersonville, TN, 37705 — assumable FHA mortgage at 6.79%

FHA

Active

$250,000Potential short sale

Rate: 6.79%; ~~7.40%~~today
Payment: $1,688/mo; ~~$1,794~~today

3beds
1baths
1,200sqft

1933 Mountain Rd, Andersonville

Assuming a mortgage in Lake City

An assumable mortgage lets you buy the home and take over the seller’s existing FHA, VA or USDA loan—its rate, balance and remaining term included. Each listing above shows the existing rate and payment next to what the same loan would cost at today’s rates (about 7.40%), so you can see the saving before you tour.

Lowest existing rate: 3.43%
Lowest existing payment: $628 /mo
Median cash to assume: $150,646