1007 Fairways Dr, Greenbrier, TN 37073
4 beds · 3 baths · 3,034 sqft
Seller will pay up to $7,000 in closing costs or rate buy-down! This is the home you have been waiting for! It has something for everyone in the family! ASK ABOUT OUR LENDER INCENTIVES TOWARDS CLOSING COSTS OR RATE BUYDOWN! Welcome to 1007 Fairways Dr! No HOA! This all-brick home, seated on a cul-de-sac street, really has it all. The flexible floorplan is perfect for the whole family. The main floor has 3 bedrooms, 2 bathrooms, an office, a living room AND a bonus room. The upstairs flex space, complete with a full bathroom, can be used as a 4th bedroom OR another bonus room OR In-Law Suite. Whatever your lifestyle, this one is sure to suit it! The neutral color palette makes it easy to jump right in and make it yours. With 2 fireplaces, one electric and one gas, there's no doubt you'll immediately feel cozy and right at home. If storage is something you need, this home has plenty of it! The unfinished wrap-around attic and the 2-car garage have ample room for all your things. The half- acre fenced in backyard is perfect for guests and the whole family too. BBQ on the deck and take in all the peacefulness of the quiet neighborhood. Did we mention it's close proximity to everything Greenbrier has to offer? Play 18 holes of golf at the connected Oak Hills Golf Course (access sidewalk to Golf Course at end of street!) or take the 35 min drive to Nashville. The homes are spread out, and there's no HOA. You don't want to miss this one! It will go fast!
Source: REALTRACS #2772032
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2772032
Source: Public records
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Other resourcesWhat is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
