VA loan
1 of 27
VA loan
$247,500

403 Gold Ln, Clarksville, TN 37043

3 beds · 1 baths · 1,092 sqft

Welcome to 403 Gold Lane, Clarksville, TN Discover the charm and comfort of this beautifully maintained brick home, ideally situated on a quiet cul-de-sac in one of Clarksville’s most peaceful neighborhoods. With three bedrooms and the ease of one-level living, this property offers the perfect blend of convenience and coziness. Step inside to find a welcoming interior with carpeted rooms that exude warmth and comfort, complete with ceiling fans to enhance the home's inviting atmosphere. The kitchen is both functional and spacious, featuring ample storage and room for dining in—a perfect space for creating meals and memories. This home is equipped with a sealed crawl space ensuring durability and energy efficiency. Additional updates include brand-new gutters, a roof that is less than 5 years old, an HVAC system also less than 5 years old, and a water heater that is just 3 years old—providing peace of mind and modern comforts. Outside, the large backyard is a true retreat, framed by mature trees that provide both beauty and character. Whether you're hosting gatherings, gardening, or simply enjoying the outdoors, this expansive space offers endless possibilities. Located in a prime, central location just off Wilma Rudolph Boulevard, this home is less than a mile from Civitan Park and only minutes from the interstate, shopping, and dining—offering the perfect balance of serenity and accessibility. Nestled on just under an acre, this home combines a peaceful setting with the practicality of a well-maintained residence. 403 Gold Lane is more than a house: it’s a place to call home! Don’t miss the chance to make this delightful Clarksville gem your own!

Estimated
Seller's interest rate
2.8%
7%
Estimated
Principal & interest
$720/mo.
$1,114
You may also save up to $123,681 in total interest paid.
Listing price
$247,500

Your cash down payment
$87,164
Seller’s estimated current equity is $87,164
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $720 monthly payment

Financed
$160,335
Assumed mortgage 2.8% • Seller's rate
$160,335
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

Roam Protection Plan 2
Roam transactions typically close in the same amount of time as a standard home purchase. To give sellers added peace of mind, if it takes longer than 45 days, we will pay the seller's mortgage until we close.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Size
1,100 sqft
Lot size
0.9 acres
Year built
1986
Type
Single Family Residence
HOA dues
$0.00

Source: REALTRACS #2778816

Loan
Remaining term
26 yrs and 2 mos
Rate
2.8%
Monthly P&I
$720
Remaining loan balance
$160,335

Source: Public records

Who can qualify

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 resources
Frequently asked questions

What is Roam?

expand content

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?

expand content

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?

expand content

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?

expand content

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?

expand content

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.

View all FAQs
Last updated: Feb 16, 2025 07:35 pm
Listing agent: Tony Carletello (615) 405-7422
Listing provided courtesy of: Compass RE (615) 475-5616
Details provided by REALTRACS and may not match the public record.
MLS ID: #2778816
Based on information submitted to the MLS GRID as of Feb 17 2025 - 00:44. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$720/mo
View details