Seller Is Offering $22,000 In Seller Concessions - Tucked away on 3 beautiful acres in the country, this one-of-a-kind property offers the perfect blend of luxury, entertaining space, and peaceful Tennessee living. From the moment you arrive, you’ll fall in love with the privacy, charm, and endless possibilities this property has to offer! Inside, the home features NEW paint throughout, NEW carpet, gorgeous hardwood floors, a formal dining room, and a chef’s kitchen designed to impress. The kitchen showcases stunning custom cabinetry, granite countertops, three Tuscan themed copper sinks, a pot filler, and an oversized island with seating for up to 10-12 people, perfect for hosting holidays, gatherings, and game days. The home is also equipped with a central vacuum system, with a vac pan conveniently located at the end of the kitchen island. The spacious bonus room is truly unforgettable with a full wet bar featuring a martini-shaped sink, built-in keg dispenser with space for a keg or two half kegs, creating the ultimate entertaining experience right at home! Step outside to your own private retreat featuring an in-ground pool, tranquil koi pond, raised garden beds, fruit trees, and a charming potting shed/greenhouse ideal for gardening enthusiasts or anyone dreaming of a more self-sufficient lifestyle. Enjoy evenings under the pergola beside the outdoor pizza oven creating the perfect setting for entertaining family and friends year-round. The detached garage includes a full bathroom and is plumbed for a future kitchen), offering incredible flexibility for guests, hobbies, a workshop, or additional entertaining space. Located within convenient access to shopping, dining, downtown Clarksville, the marina, and all Clarksville has to offer while still giving you the privacy and space so many buyers are searching for, this property is truly a rare find! Schedule your showing before it’s too late!
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
