114 Lakeshire Dr Crossville, TN 38558
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About this home
*Price Reduction on this charming Ranch-style home located in the sought out Fairfield Glade Community. Three spacious bedrooms and two well-appointed bathrooms. The 3rd bedroom would be a perfect place to make your office or lounge area and situated directly off the Master Bedroom. Not to mention that this inviting property has already had a Pre-Listing Home Inspection to ease your mind that this is the PERFECT place to call home! Exterior Features The home boasts a classic Ranch design with a welcoming front porch framed by professional landscaping. It offers timeless appeal with its ample outdoor space for family and friends. A one car garage adds convenience and extra storage space. Interior Features Upon entering, you're greeted by an open-concept layout that seamlessly integrates the living room, dining area, and kitchen. Kitchen The upgraded kitchen is equipped with stainless steel appliances, granite countertops, ample cabinetry providing plenty of storage, and a pantry ensures you have space for all your essentials. Master Bedroom The extra large master bedroom is a true retreat, featuring a walk-in closet, an En-suite bathroom and Laundry area. This private space is designed for relaxation and comfort. Additional Bedrooms The two additional bedrooms are generously sized, perfect for family, guests, or a home office. They share a well-appointed second bathroom featuring modern fixtures. Outdoor Space The backyard is a private oasis, complete with a deck for outdoor dining and entertaining. The yard is landscaped for easy maintenance and offers plenty of room for your outdoor activities. Upgrades This home includes several desirable upgrades, such as full house generator, encapsulated crawlspace with dehumidifier, new decking, extended driveway, new roof/gutter system and so much more. Location Situated in the scenic community of Fairfield Glade, residents enjoy access to various amenities.
Source: REALTRACS #2819142
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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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