1013 Stonebrook Dr, Dickson, TN 37055
3 beds · 2 baths · 1,771 sqft
Assumable loan at 5.25%! Wonderful one-level home on a quiet street close to grocery and retail shopping, restaurants, TriStar hospital, YMCA and K-12 schools * Nine-foot ceiling height * Kitchen has ample granite counters with a breakfast bar, soft-close drawers, plenty of cabinet space plus a pantry and stainless steel KitchenAid appliances (and the refrigerator conveys with the sale) * Comfortable open floor plan incorporates the living and dining areas * Primary bedroom suite is tucked away in a corner of the home and separated from the secondary bedrooms * The primary bathroom has tile flooring, a large tile shower, big double-rodded walk-in closet, private toilet room and a linen closet * The laundry room has a clothes rod and is perfectly located next to the garage entry into the home and away from the bedrooms * Plenty of crown molding and recessed lights * Large windows allow abundant natural light into the house * Covered front and rear porches * Large privacy-fenced rear yard has mature trees on an over one-half acre lot * Big two-car drywalled garage provides additional storage space with a high ceiling * Fifty-gallon Bradford White electric water heater * Corporate relocation requires additional documents attached in the media section below * Possession date is negotiable * Washer, dryer and workbench in the garage do not remain
Source: REALTRACS #2765846
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2765846
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.
