4127 Charlton Sq, Cookeville, TN 38501
4 beds · 4 baths · 2,700 sqft
This immaculate, spacious 4BR/3.5BA home features an attached two-car garage and a detached massive sized four-car garage that is 40 X 30! Prefect for the car enthusiast, boat storage, or those wanting workshop space. The home boasts a beautiful kitchen with an eat in area, breakfast island, stunning quartz countertops, and a tiled backsplash, a formal dining room, living room with fireplace plus custom built-ins, and an oversized primary suite on the main level. Upstairs you will discover three more bedrooms, a full guest bath & an abundance of closet space. A versatile basement flex / bonus room with a full bathroom offers adaptable space for a family room, guest suite, home office, or exercise area. Storage space galore throughout this pretty home. Low-maintenance Trex decking enhances both the front and back porches, complementing the refreshing pool for summer enjoyment. A fenced backyard & a storage building complete this exceptional property that has a 1.20-acre sized lot. New roof in 2019. Custom shades throughout the home. Two HVAC units. Detached garage has concrete flooring and is only a few years old. Make your appointment today to view this gorgeous home!
Source: REALTRACS #2780393
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2780393
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.
