Discover the established charm of Georgetown Square! Tucked away on the western side of Murfreesboro parallel to the Stones River Country Club, this peaceful community perfectly balances a vibrant lifestyle with a relaxed pace, making it a dream for growing families and retirees. Unlike newer, tightly packed subdivisions, Georgetown Square has timeless character. The streets are lined with a mature tree canopy providing cool shade for morning stroller walks or pleasant evening strolls. With complete sidewalk connectivity and a peaceful atmosphere, it is a welcoming environment where neighbors easily socialize. The fully updated interior is designed for low-maintenance, effortless living. The kitchen features premium granite countertops and sleek stainless-steel appliances, making family meal prep a breeze. Beautiful hardwood and tile floors run through the main spaces, paired with plush, light gray textured carpet in the bedrooms to complement any decor. Elegant tile surrounds in all bathrooms provide a spa-like feel, while new light fixtures and ceiling fan lights add modern comfort. Staying active and connected is easy without ever leaving the neighborhood. Enjoy the refreshing swimming pool, perfect for a low-impact morning swim or splashing with family & friends plus the new covered pavilion equipped with grills for weekend family cookouts and seasonal get-togethers. Everything you need is just minutes away. Medical Center Parkway and Old Fort Parkway provide rapid access to Murfreesboro's premier shopping, dining and healthcare facilities. For outdoor recreation head to the Murfreesboro Greenway’s paved trails and Barfield Crescent Park's hiking, soccer fields, and picnic shelters. Young families will also appreciate the exceptional educational foundation within the highly regarded Rutherford County School district. Copy & Paste the link below to view 3D Matterport. https://www.homes.com/property/1438-cheshire-place-murfreesboro-tn/05z93qgj60b64/?dk=8418ky9
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.
