1441 Hereford Blvd, Clarksville, TN 37043
4 beds · 3 baths · 2,470 sqft
Introducing a breathtaking all brick home located in the desirable Hereford Farms community. Located on an overside corner lot with a back yard wrought iron fence. This home features an array of upscale upgrades that elevate its charm & functionality. With an open layout seamlessly connecting the expansive great room, highlighted by a stunning floor to ceiling stone fireplace, to the kitchen. Perfect for entertaining guests & enjoying family gatherings. The formal dining room showcases a chic Ship Lap accent wall, adding character & warmth. Retreat to the primary suite, designed for comfort. It boasts a double trey ceiling & features a stylish barn sliding door that leads into the ensuite bath. This luxurious space offers a giant walk in tile shower with TWO shower heads (powered by a tankless water heater), a standalone soaking tub for relaxation, and custom built in shelves in the spacious walk in closet. For added versatility, a large bonus room is located above the garage, providing endless possibilities. This stunning home truly exemplifies modern living with its blend of thoughtful design & ample space for comfort. All kitchen appliances to convey.
Source: REALTRACS #2777957
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2777957
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.
