104 Red Gate Ct, Wartrace, TN 37183
3 beds · 3 baths · 2,350 sqft
Must See This Gorgeous Craftsman styled 3 bedroom 2.5 baths home with hardwoods, tile & carpet, recessed lighting, pocket doors, all kitchen appliances, washer & dryer convey! Exterior doors to covered back patio have Plantation shutters, screen and key lock pads. Easy maintenance Trex decking covered patio and porch around the house ready for you to enjoy morning beverages, evening sunsets or entertaining. Huge Walk in storage in crawlspace with temperature controlled vents. Welcoming front covered porch with sitting area before you enter the home. Primary bedroom on main level with private door with plantation shutter and screen to covered back porch along with ensuite bath with dual sinks, separate tiled shower and soaking tub, huge walk in closet. 2 additional bedrooms upstairs with walk in closets plus a huge bonus over the 2 car garage. Kitchen comes with granite tops, island bar, pull out shelving organizers & trash bins in cabinets, dedicated work station, an eat in area that open to the living room. Ceiling fans in all bedrooms, bonus and living room. The Living room has 2 exterior doors with plantation shutters, screen, key pad lock with easy access to the gorgeous back patio that over looking the beautiful fenced backyard. Seller added all exterior wood shutters, fencing, pull out organizers in kitchen & master bath, key pads doors, plantation shutter & screens on 3 exterior doors and temperature vents control in the walk in crawlspace--see Feature List in document. Freezer in garage and security cameras do not convey. Great schools and location with about 1 acre of land! Minutes to Historic Downtown Wartrace, Shelbyville, Bell Buckle, Manchester, Tullahoma and about 12 miles to I-24. Please wear shoe covers provided or take off shoes.
Source: REALTRACS #2755905
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2755905
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.
