1161 Reda Dr Clarksville, TN 37042
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About this home
**Offering ONE YEAR HOME WARRANTY!! Freshly painted! NO HOA or CITY TAXES!! ***VA Assumable for Veterans at 3.875%!!*** If you have been looking for your DREAM home, right outside town, on almost 2 ACRES of land, this beautiful BRICK RANCH style home is it! This home features 3 main floor bedrooms, 3.5 baths, 3 car garage, and 2 additional FLEX ROOMS (one being used as a 4TH BEDROOM, and one being used as an OFFICE), extra large utility/laundry room (on main floor), PLUS a large BONUS room connected to a Jack n' Jill FULL bathroom, perfect for entertaining or as guest suite. You will be impressed with the inviting entry, amazing CURB APPEAL, extra tall ceilings, solid WOOD FLOORS, fireplace with stone accents, and open kitchen. Kitchen has stainless steel appliances, granite counter tops, and so much cabinet space. The living room is open with light streaming in, adding brightness and WARMTH to the space. All bedrooms have access to a full bathroom, another amazing perk! The backyard has a beautiful covered deck walking down into a stone patio perfect for a morning coffee on the swing or a fire pit in the evening. The backyard is fenced in, but also extends past the fenced area for even more space! Don't forget to check out the VIDEO walkthrough! Buyer and buyers agent to verify all pertinent information.
Source: REALTRACS #3039027
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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.