1536 Amblewood Way, Clarksville, TN 37043
4 beds · 4 baths · 3,967 sqft
A True Showstopper! This home is flooded with natural light, thanks to a wall of windows in the living area, creating a warm, welcoming ambiance. The primary bedroom is an absolute retreat, complete with double tray ceilings, a large sitting area and a beautiful bay window that adds to its charm. The primary bathroom features an oversized shower, offering a spa-like experience. With three ways to access the back patio, entertaining is a breeze. A double-sided fireplace serves as a stunning focal point in the living room, adding extra coziness to a second sitting area that seamlessly flows into the open concept dining room. The large kitchen is a chef's dream, boasting ample cabinet space, under cabinet lighting, soft close cabinets, gas cooktop range and built-in wine racks, perfect for storage and display. The three-car garage includes a separate bay with its own exterior entrance—ideal for a home gym, crafting area, or workshop. Upstairs, you'll find a second primary bedroom, along with two additional spacious bedrooms. There's also an unfinished bonus room that offers endless potential to personalize and make it your own.
Source: REALTRACS #2776217
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2776217
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.
