416 Veronica Ct, Clarksville, TN 37043
4 beds · 3 baths · 2,486 sqft
VA Assumable at 2.25% Custom designed and one of a kind! This home was built specifically for the needs of those that hate stairs! Not a staircase in sight in this beautifully designed RANCH home, yet you get all of the space you could need! Located conveniently at the end of a culdesac, this home features a huge formal dining room, a dedicated office/flex room with french doors right off the entryway, a spacious master bedroom separated from the other bedrooms, a spa like bathroom, his and her closets, a large kitchen, a vaulted breakfast room, along with a jack-and-jill bathroom, a third full bathroom, and three additional bedrooms. Step outside your back door to a covered patio that leads to a firepit area! Perfect for entertaining!!! Enjoy the feeling of community on this small cul-de-sac with a community playground, basketball half-court, ponds, and an abundance of green spaces located throughout the community. Located conveniently off I24's exit 8, this home is in the perfect location and ONLY COUNTY TAXES!
Source: REALTRACS #2779597
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2779597
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless closing.
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.
What 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.
MLS ID: #2779597
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.