1016 Rolling Fields Cir Columbia, TN 38401
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About this home
ASSUMABLE 3.25% INTEREST RATE- VA only!! Immaculate and move-in ready, this stunning home combines timeless style with modern updates. Beautiful hardwood floors and oversized rooms create a warm and inviting atmosphere throughout. The updated kitchen is a true centerpiece, showcasing granite countertops, stainless steel appliances, a double oven, walk-in pantry, porcelain floors and a large picture window that frames peaceful backyard views. Just off the kitchen, the great room and dining area provide a natural flow for everyday living and entertaining. The main level features a private primary retreat with a tile walk-in shower and its own deck, along with two secondary bedrooms for family or guests. Upstairs, a spacious loft, an updated full bath, and two oversized bedrooms with hardwood floors offer incredible flexibility—whether you need additional bedrooms, a bonus room, or a recreation space. The finished basement includes an open bonus room, a full bath, a half bath, 2 office spaces, laundry room and a craft room. Outdoors, a lofted deck with gazebo and lower patio provide the perfect backdrop for relaxing or hosting gatherings, all overlooking a large private backyard. With its blend of space, comfort, and thoughtful upgrades, this home is ready to welcome its next owners.
Source: REALTRACS #3013241
Neighborhood
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.