135 Davis Rd, Brownsville, TN 38012
4 beds · 4 baths · 2,806 sqft
Step into serenity! Enjoy your spacious home with a split bedroom plan, ensuring privacy in the bedrooms. A large bonus room is perfect for entertaining! Step outside to your beautiful 6.75 acres of nature! Go fishing in the pond, have coffee from the overlook, whatever your heart desires! A large detached garage is perfect for your toys! Welcome to your dream rural retreat! Nestled in the heart of tranquility, this exquisite all-brick ranch offers the perfect blend of comfort and serenity. Spread across expansive acres, this property invites you to explore and unwind amidst nature's beauty. The bonus room is a versatile space perfect for a home office, gym, or hobby room including a full bathroom and closet. Scenic water feature providing a serene backdrop and opportunities for outdoor relaxation. Whether you're seeking a peaceful lifestyle or a place to entertain, this rural gem offers endless possibilities. Come and experience the charm and tranquility of country living at its finest.
Source: REALTRACS #2760005
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2760005
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.
