FHATop pick
Active
70$2,700,000Potential short sale
- Rate
- 2.32%
7.40%today- Payment
- $31,535/mo
$44,132today
- 5beds
- 7baths
- 5,391sqft
Franklin, Tennessee
Assumable homes for salein Franklin, Tennessee.
25 homes in Franklin carry an existing FHA, VA, or USDA loan you can take over, with locked rates from 2.32%. Assume the seller’s mortgage instead of financing at today’s 7.2%.
Live MLS data · Updated
Franklin assumable market
by the numbers.
25active assumable listings
2.32%lowest locked rate
$930kmedian list price
$977saved per month vs. 7.2%
About the market
Assumable mortgagesin Franklin, explained.
Every number on this page comes from the live MLS feeds UMe indexes for Tennessee, filtered to Franklin. Updated October 2026.
How assumptions work for buyersFranklin, Tennessee has 25 homes for sale with an assumable mortgage as of October 2026: 17 VA loans and 8 FHA loans 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 Franklin assumable listings start at 2.32% with a median of 5.98%; 9 listings are under 4% and 10 are under 5%.
The median assumable home in Franklin lists for $930,000, with a median of $376,241 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 $3,226 a month versus $4,203 for the same balance at today's rate, roughly $977 kept every month and $11,720 a year. The most active Franklin ZIP codes are 37064 (17), 37069 (6), and 37067 (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 Franklin assumptions close in 45 to 90 days, and UMe tracks the file with the servicer and both agents so nothing stalls.
Verified in Franklin
View all 25 on the map Homes on the marketin Franklin.
VA
Active
35$256,900$47,558 equity gap
- Rate
- 2.86%
7.40%today- Payment
- $973/mo
$1,627today
- 2beds
- 2baths
- 1,530sqft
214 Old Hickory Blvd #187, Nashville
VA
Active
39$434,989$88,992 equity gap
- Rate
- 3.02%
7.40%today- Payment
- $1,648/mo
$2,700today
- 3beds
- 3baths
- 1,794sqft
1091 General George Patton Rd, Nashville
FHA
Active
17$289,000$46,052 equity gap
- Rate
- 3.85%
7.40%today- Payment
- $1,243/mo
$1,836today
- 2beds
- 3baths
- 1,166sqft
402 Post Creek Rd, Nashville
VA
Active
91$1,100,000$377,363 equity gap
- Rate
- 2.25%
7.40%today- Payment
- $3,167/mo
$5,737today
- 5beds
- 5baths
- 3,949sqft
3004 Brisbane Ct, Spring Hill
FHA
Active
46$599,900$239,960 equity gap
- Rate
- 2.71%
7.40%today- Payment
- $1,685/mo
$2,872today
- 3beds
- 3baths
- 2,091sqft
2066 Orangery Dr, Franklin
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 Franklin.
Live counts from the MLS feeds we index for Tennessee. Updated October 2026.
- Active listings
- 25
- UMe Certified / verified
- 0
- Lowest rate
- 2.32%
- Median rate
- 5.98%
- Median list price
- $930,000
- Median cash to assume
- $376,241
Franklin listings by locked rate
- Under 4%9 homes
- 4% – 5%1 home
- 5% – 6%3 homes
- 6% and up12 homes
Franklin listings by loan type
- VA17 homesmedian 5.09%
- FHA8 homesmedian 6.17%
FHA, VA, and USDA loans are assumable by law. Conventional loans almost never are.
By neighborhood
Assumable homesby Franklin ZIP code.
Each ZIP opens the Franklin map zoomed to its listings, in assumptions mode, with rate and payment filters ready.
Run the Franklin numbers
What an assumable ratedoes to a Franklin payment.
The sliders start at the median Franklin assumable listing: $930,000 list price and a 5.98% 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)$375,000
40% 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 Franklin
$3,517/mo
New loan at 7.20%$3,767
Assumed at 6.00%
$3,517
Every month$250
Over five years$15,022
Interest you never pay$258,94426-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 Franklin listing on UMe shows the actual balance, rate, and payment.
How it works in Franklin
How to assumea mortgage in Franklin.
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 Franklin home with a locked rate.
Every listing on this page carries an existing FHA, VA, or USDA loan. Filter the Franklin 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 $376,241 in Franklin 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 Franklin payment written in a different decade.
Franklin questions
Assuming a mortgagein Franklin.
The numbers below come from current Franklin inventory and update as listings change.
All assumption FAQsHow many assumable homes are for sale in Franklin?
As of October 2026, UMe tracks 25 active assumable listings in Franklin. Inventory refreshes from the MLS throughout the day, so the map may show slightly different counts.
What types of assumable loans are available in Franklin?
Current Franklin inventory breaks down as VA (17, median 5.09%) and FHA (8, median 6.17%). 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 Franklin?
The lowest rate on an active Franklin assumable listing is 2.32%, and the median across all 25 listings is 5.98%. 9 listings are under 4% and 10 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 Franklin?
Across current Franklin listings, the median principal-and-interest payment on the assumable loan is $3,226 per month versus $4,203 for the same balance at today's rates, a difference of about $977 every month, or $11,720 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 Franklin?
When you assume a loan you pay the seller the difference between the list price and the remaining loan balance. In Franklin that gap is currently a median of $376,241 on a median list price of $930,000. Buyers cover it with cash, a second mortgage, or seller financing; UMe can connect you with lenders who write gap loans behind an assumption.
Which Franklin ZIP codes have the most assumable homes?
The Franklin ZIP codes with the most active assumable listings are 37064 (17), 37069 (6), and 37067 (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 Franklin?
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 Franklin.The rate is already on the house.
Every listing on the Franklin map has a rate you can take over. Start with the ones in Franklin, get pre-qualified in minutes, and let UMe carry the assumption to closing.