1054 Coker Ford Rd, Portland, TN 37148
4 beds · 3 baths · 3,518 sqft
Welcome to this fully remodeled, one-of-a-kind home nestled on just under 3 acres of serene land, and deeded as two separate lots. With its rich history and unique charm, this property is rumored to have once been an old schoolhouse, offering you the rare opportunity to own a piece of local history. Inside, modern and tasteful upgrades throughout blend seamlessly with the home’s original character, creating a warm and inviting space that’s both functional and full of charm. The open-concept living areas feature stylish finishes, new appliances, and thoughtful details, perfect for today’s lifestyle. Step outside to enjoy nearly 3 acres of lush, usable land, ideal for gardening, outdoor recreation, or raising chickens—this home is ready for your homesteading dreams. On those hot summer days, take a dip in the sparkling pool, the perfect spot to relax and unwind. The property is deeded as two lots, with the second lot offering the potential for a separate build or future expansion. Commuting to Nashville is a breeze, with the home being just a short drive from the city, combining the peace and privacy of country living with convenient access to urban amenities. This property is a rare find, offering both history and modern comforts, with ample room to grow and make it your own. Don’t miss out on this opportunity to own a truly unique home with room to breathe and a pool to cool off in!
Source: REALTRACS #2772448
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2772448
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.