1007 Grove Cir, Murfreesboro, TN 37128
3 beds · 4 baths · 2,568 sqft
Magnificent in Murfreesboro! This recently renovated 3-bedroom, 3.5-bath home with more than 2,100 sq ft of fantastic living space on the main level, plus an additional 422 sq ft of flex space upstairs, is ready and waiting for new owners! Perfectly blending modern upgrades and timeless charm, this home boasts a gorgeous kitchen remodel with sleek finishes, an expansive family room for relaxation and entertaining, upgraded flooring, fresh paint inside & out, brand-new windows, a new roof, and more! The backyard is your own private paradise, featuring an in-ground pool, a spacious concrete patio area for lounging and dining, and a fenced yard. Need extra storage or parking? The 2-car garage and separate concrete pad for an RV in the driveway provide all the space you need for vehicles and hobbies. With seller concessions being offered as well, this one is a rare opportunity in the community. Be sure to check out the Virtual Tour below. Don't miss out on this one! Schedule your showing today!
Source: REALTRACS #2777223
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2777223
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless closing.
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.
What 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.
MLS ID: #2777223
