2941 Greentree Dr, Smyrna, TN 37167
3 beds · 3 baths · 1,896 sqft
Welcome to your future home! This charming residence in the heart of Smyrna offers a three-bedroom layout, complemented by a spacious bonus room that creates an open and inviting atmosphere—ideal for both relaxing and entertaining. The expansive living room, featuring a vaulted ceiling and abundant natural light, is enhanced by a cozy gas fireplace. Adjacent to the living space, the well-appointed kitchen boasts a lovely backsplash, modern appliances, and ample storage options for all your culinary needs. The primary bedroom is conveniently located on the main floor and includes a double vanity and tile flooring, providing a comfortable retreat. Upstairs, you'll find additional bedrooms that offer peaceful spaces for rest. Step outside to discover a serene backyard—a perfect setting for outdoor gatherings or quiet evenings spent unwinding. This property is conveniently located near schools, shopping, dining, and parks, with easy access to I-24 for commuting. This home presents an excellent opportunity for anyone seeking a vibrant community and a comfortable living experience. Don't miss out on the chance to make this house your own!
Source: REALTRACS #2766450
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2766450
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.
