203 Freeman Dr, Lewisburg, TN 37091
3 beds · 1 baths · 1,440 sqft
Price Improvement! Welcome Home, ready and vacant for its new buyers. Remarkable property truly, it offers everything you will need. Beautifully Renovated, one level 3-bedroom, 1 bath home. Optional office or you could have 4 bedrooms if needed with a big walkin closet. High speed Internet is available, as well as this property offers a huge bonus room.The layout of this home is very convenient, with the three bedrooms being at one end of the house, with the bonus room all the way to the left of the home, offering privacy for the potential master bedroom and or the bonus room. Kitchen has been completely updated with all new appliances, new fixtures, new granite countertops, and freshly painted. The bathroom has also been updated with a nice new tub/shower combo with a new vanity. There are also two closets that can either be used as a small pantry and or a linen closet. Walking out the back door, you will see a nice, covered patio to relax under and maybe grill a steak or two after a long day. The building out back does comvey and remains with the property which also already has electricity and a large door to store a lawn mower or bikes. Feel free to reach out with any questions you may have, I would love to help. If you have questions about getting preapproved and or submitting an offer, please don't hesitate to reach out to me.
Source: REALTRACS #2764535
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2764535
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless closing.
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.
What 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.
MLS ID: #2764535
