104 Kensington Pl Columbia, TN 38401
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About this home
HARD TO FIND 1.53 AC +/- LOT IN MAURY COUNTY! NO HOA! This well-maintained 3-bedroom, 2-bath ranch home offers 1,836 sqft of comfortable living space on a 1.53-acre lot with beautiful views of the neighboring farm. The home features a flowing layout with a spacious living room complete with a fireplace, a large den perfect for entertaining or a playroom, and an updated kitchen with a separate breakfast room. Bathrooms and flooring have been refreshed, blending modern touches with the home’s welcoming charm. Outdoor living is a highlight with a covered front porch, back deck, and patio that provide plenty of space for relaxing or entertaining. The lot is open with a few mature trees, creating a peaceful country setting while still allowing ample space to add a shop/RV barn or detached garage if desired. A new 15x20 RV pad adds even more convenience for families needing extra parking. With its great curb appeal, functional layout, and serene outdoor setting, this property is ideal for families looking for more space inside and out. Enjoy the tranquility of country living while remaining close to everyday amenities. Buyer/Buyers Agent to verify all pertinent information. OPEN HOUSE THIS WEEKEND!! SUNDAY THE 26TH 2 - 4PM.
Source: REALTRACS #2993884
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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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