3408 Oak Park Ter, Clarksville, TN 37042
3 beds · 2 baths · 1,148 sqft
PRICE REDUCTION! MOTIVATED SELLER! GO AND SHOW! Charming Split Ranch in Quiet Cul-de-Sac – Completely Renovated & Move-In Ready! Welcome to this beautifully updated split ranch home, located in a peaceful cul-de-sac with ample driveway space. This fully renovated gem boasts brand new features throughout, offering both style and comfort in every corner. Brand New Roof, New HVAC System, New Water Heater, Modern Flooring Throughout, Gorgeous Butcher Block Countertops, New appliances, Updated Vanities & Fixtures and Fresh Paint. With Light and neutral tones throughout for a bright, inviting atmosphere, the spacious open living room flows seamlessly into the dining and kitchen areas, creating an ideal space for family gatherings or entertaining guests. The home is move-in ready, with nothing left to do but unpack. Located in a serene cul-de-sac with no through traffic, this home offers a peaceful, private setting while still being close to all the amenities you need. Don’t miss the opportunity to make this beautifully updated home yours – schedule a showing today!
Source: REALTRACS #2762825
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2762825
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.
