Walk into equity AND pick your paint and carpet to make this home uniquely yours!! Welcome to an extraordinary opportunity in one of Mt. Juliet’s most desirable settings. Nestled on a peaceful cul-de-sac just 1 mile from I-40 and situated on nearly half an acre, this stunning 5-bedroom, 3-bathroom home offers luxury, privacy, breathtaking sunset views, and INCREDIBLE untapped potential. Imagine ending each day overlooking the rolling Tennessee hills as the sun sets across the horizon, with no future developments behind the property to interrupt your view. The backyard is truly a private retreat, featuring a beautiful inground fiberglass pool perfect for entertaining, relaxing, and creating unforgettable memories with family and friends. Inside, you’ll find spacious living areas thoughtfully designed for both everyday living and entertaining. Hardwood floors flow throughout the main living spaces, while the home’s versatile floor plan includes a formal dining room, a large bonus room, a dedicated playroom, and a bright breakfast nook overlooking the pool and backyard oasis. The generously sized primary suite and four additional bedrooms provide plenty of room for family, guests, home offices, or hobby spaces. With three full bathrooms and ample living space throughout, this home offers flexibility for a variety of lifestyles. What makes this opportunity truly special is the ability to customize the finishing touches to your personal taste. The home is ready for fresh paint and new carpet, giving buyers the rare chance to select their own colors and finishes rather than paying for someone else’s design choices. For investors or those seeking additional value and future equity, the property includes approximately 1,500 square feet of unfinished basement space ready to be transformed into a home theater, fitness center, additional bedrooms, guest quarters, game room, or ultimate entertainment space. The possibilities are endless! Priced 50k below recent appraised value!
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.
