Move-in ready and No HOA! This 4-bedroom, 2-bath home is ideally situated in a desirable and convenient location, offering a refined blend of comfort, accessibility, and everyday ease. Nestled in an established residential setting within reach of Clarksville’s vibrant dining, shopping, and entertainment options, it also provides the privacy and calm of a neighborhood atmosphere. This home offers 1,678 sq ft with a spacious living area and a well-appointed kitchen featuring ample cabinet and counter space. The primary suite includes a private bath, while three additional bedrooms provide flexibility for guests, a hobby room or a home office. One of the standout features is the circular driveway—offering plenty of parking and easy access, perfect for multiple vehicles or entertaining. The outdoor space is ideal for relaxing or gatherings. Storage shed remains. Enjoy quick access to downtown Clarksville, where charming local restaurants, boutique shops, cultural attractions, and community events create a lively and engaging environment. Nearby parks and recreation areas also add to the appeal, and Fort Campbell is easily accessible for those commuting there. Essential services, grocery stores, medical facilities, and major roadways are all within a short drive, making daily living convenient. The property is located within the Clarksville-Montgomery County School System, known for serving the community with a variety of educational options. This location combines established neighborhood charm with the convenience of modern living, making it an appealing choice for those seeking both comfort and connectivity in Clarksville!
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
