10 Claremont Cir Crossville, TN 38558
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About this home
Lovely custom built 3 bd, 2 ba, 2377 sq ft home on corner lot. Many upgrades such as natural gas furnace, gas hot water heater and hardwood floors (except 2 guest rooms) and many plantation blinds. Split floor plan offers privacy, and cathedral ceiling in great room and natural stone gas log fireplace will charm you. PLUS you have to see to believe the private 19'x14' outdoor living area. This 3 season room just steps off existing deck is covered and fully screened. Add your seasonal television, refrigerator and spectacular views for outdoor enjoyment. Kitchen features alder wood cabinets, new granite countertops and new subway tile backsplash. Stainless steel appliances and over and under counter lighting are recent additions as well. Formal dining room/office has a bay window, glass paned double entry door off foyer and a pocket door closing or opening to kitchen. Owners' suite has plantation blinds, a large walk in closet, bath with dual sinks, new large walk in shower, 2 linen closets and ceramic tile floor. Bedroom 2/office features plantation blinds, ceiling fan and carpeted flooring. Bedroom 3 has ceiling fan, carpeted flooring and lots of natural light. Guest bath has a step-in shower, transom window and ceramic tile flooring. Laundry room has extra cabinetry, laundry tub and pocket door for privacy and quiet. Sunroom is located just off the kitchen eating area and has a window seat with storage and wood floors. Maintenance free deck with solar lights connects to outdoor living area. Garage is oversized and easily houses 2 cars and additional storage/shelving. Very tall crawl space has a large cement slab and workshop area. Fairfield Glade charges a $5,000 amenity fee to buyer at closing.
Source: REALTRACS #2819950
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FAQs
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.
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