1147 Highway 13, Cunningham, TN 37052
2 beds · 1 baths · 1,373 sqft
This private retreat is located in the county, offering a peaceful lifestyle while remaining close to local amenities. Positioned approximately 15 miles from downtown Clarksville, 7 miles from Palmyra, and 26 miles from Dickson, you’ll enjoy the best of both worlds—country tranquility with easy access to nearby towns. Discover the charm of this 2-bedroom, 1-bathroom ranch home nestled on nearly 1.5 acres. This unique property combines comfort, convenience, and a touch of country flair with a large front and back yard—perfect for those seeking extra space, fresh air, and room to grow! Key Features: Bonus Room for added versatility – create an office, guest space or hobby room! Full unfinished basement offering storage potential or room for customization. Oversized covered back deck in the back and covered deck on the side – ideal for enjoying morning coffee or evening relaxation. Outdoor amenities include above-ground pool for summertime fun with friends and family, extra-large detached garage with ample space for vehicles, projects, or extra storage, carport for additional covered parking, open shed with attached chicken coop, large storage building for all your tools and outdoor essentials. Let's not forget the beautiful fruit trees for seasonal harvests. A quiet, private retreat, yet conveniently located in the county for easy access to local amenities. Embrace a peaceful, rural lifestyle with everything you need at home. Exterior and Garage door freshly painted February 2025. (See additional photos). New Roof installed in 2018.
Source: REALTRACS #2756839
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2756839
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: #2756839
