980 Mccann Dr SE, Cleveland, TN 37311
3 beds · 2 baths · 1,980 sqft
Welcome to your dream home in Cleveland! This beautifully renovated residence offers 1,980 square feet of modern living space, featuring three spacious bedrooms and two contemporary bathrooms. The open-concept design enhances both functionality and elegance, with stunning new LVP flooring, fresh interior paint, and a chic flow throughout. The brand-new kitchen is a standout, complete with stainless steel appliances, gleaming granite countertops, and a striking butcher block island with a teak-stained wood top. Throughout the home, you'll find updated interior doors, new bathroom hardware, and ceiling fans in every room for year-round comfort. Energy efficiency is a priority, with insulation and encapsulation in the attic and crawl space, as well as a new HVAC system, plumbing, and roof. A new sump pump ensures peace of mind. The exterior of the home is equally impressive, featuring a large front porch with a tongue-and-groove ceiling and ceiling fan, perfect for relaxing in the Cleveland weather. New roof, attic vent fans, windows, exterior doors, soffit and fascia boards, and sleek black gutters complete the exterior updates. Plus, enjoy fresh apples from your own apple trees! This home seamlessly blends modern amenities with classic charm and is ready to welcome you home.
Source: REALTRACS #2775088
Source: REALTRACS #2775088
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.
