404 Poplar Pl, Mount Juliet, TN 37122
3 beds · 3 baths · 2,580 sqft
This beautifully renovated 3-bedroom ranch, situated on a spacious 1-acre lot, seamlessly blends modern updates with classic charm. Highlights include solid bamboo flooring throughout and a finished basement featuring a recreation room, a built-in entertainment wall, and a full bathroom. Don’t forget to check out the storm shelter while you're downstairs! Love outdoor living? The stunning 12x36 ft back deck provides ample space for entertaining and includes a dry area underneath, thanks to metal sheathing designed to channel rainwater. The property also features a 24x35 ft carport large enough to accommodate an RV. A 50-amp plug at the back of the house is perfect for electric vehicle charging or RV hookup, with an additional 50-amp plug conveniently located inside the garage. A 14x32 ft shed adds even more storage options. Upgrades include a new Bosch dishwasher, a 2022 oven with an air fryer feature, Hardie board siding, and fresh paint. For added safety and peace of mind, we’ve also installed a radon mitigation system. This home truly offers convenience, style, and thoughtful improvements!
Source: REALTRACS #2780826
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2780826
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.
