546 Cascade Dr, Winchester, TN 37398
4 beds · 3 baths · 2,694 sqft
Built in a upscale subdivision in Winchester you will find Stonefield Heights, this one of a kind home offers the buyer luxurious living. Opening with a great door with so much personality into a beautiful foyer where you are greeted with a semi open concept. Immediately you showcase the dining and living area with hints of the excellent outside living space. Check out the interesting chandelier as it will set the tone to showcase other individual details found in the home. How about a Kitchen of your dreams which waits just for you with top of the line appliances & solid surface countertops, custom cabinetry, breakfast nook and another view of that outside living area. Great island perfect for meal prep & also for entertaining. The open concept layout allows for seamless flow into the living, dining, foyer and kitchen area making it perfect for entertaining. Owners Suite is a haven that helps you get away from the rest of the house as well as a perfect spot to just plain get away. The master closet is so so big.. All Bedrooms on the main level are perfect for children or guest. Bathrooms are upgraded with wonderful fixtures & luxurious finishes. Step outside to a great outdoor living space. Heated outdoor pool with so much more. This home will not disappoint. It really is beautiful.
Source: REALTRACS #2778282
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2778282
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.
