702 Village Ct, Nashville, TN 37206
3 beds · 3 baths · 2,133 sqft
Feel at home as soon as you walk through the door. This open concept design was built in 2019, but has characteristics of a home that has been there for years. The vaulted ceilings in the kitchen and dinning room make the space perfect for families and entertaining guests. Right off the kitchen is the screened-in back porch which is necessary for the Tennessee summers! Watch the kids in the yard or watch your friends play corn hole while you stay bug bite free! Back inside, the primary bedroom is large enough for two king size beds! Double vanities and a marble walk-in shower will make you feel like your on vacation every single morning. Upstairs you will find a partial attic space for storage that is conveniently located in the bonus/play room. Two other bedrooms share a bathroom with double sinks. The bonus room would be great to use as an office/flex space for guests. Solid hardwood floors and tile are throughout the house (no carpet or engineered wood). The upgraded lighting and plumbing are a timeless addition to the home as well as the double-hung wood clad Pella windows. Furniture and w/d negotiable.
Source: REALTRACS #2778623
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2778623
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.