187 Th Hooper Ln, Mc Ewen, TN 37101
4 beds · 3 baths · 2,732 sqft
Country Living with Modern Comforts. This home is nestled on 11.77 acres of privacy. 4 bed/3 bath home combines rustic charm w/modern elegance. Perfect for fishing, hunting, farming or enjoying the great outdoors. Spacious floor plan with open concept living area, vaulted ceiling, wood-burning rock fireplace. stylish kitchen w/new cabinets, sleek countertops, double sink, faucets, SS appliances, unique island, soft close drawers for ultimate convenience and new flooring throughout main level. The 1st floor bathroom features a new vanity, modern countertop, large jacuzzi tub/shower combo, new flooring, spacious closet for storage. Two bedrooms on main level with large closets. Private master suite upstairs offers a separate living/office area with view of the fireplace, private balcony access, built in bookcases and a massive walk-in closet. Spacious bathroom w/jetted jacuzzi tub and separate shower for two. Home is equipped w/tankless water heater, mini-split A/C for large bedroom w/private bath above garage. Property features electric fencing, 30x40 barn w/4-5 stalls, water, electricity, farm shop with electricity & chicken coop. .ideal for horses, livestock or farming. Enjoy the benefits of well water (no water bill) w/1 year old pump that reaches 500-600 ft. down, along with updated wiring & vacuum system under house. Take a dip in the above ground pool, w/liner & pump less than 3 years old. Beautiful peach trees and more. Just minutes away from a local golf course, shops, marina and amenities. A must see!
Source: REALTRACS #2757266
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2757266
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.
