118 Nails Creek Dr Dickson, TN 37055
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About this home
Need CONVENIENCE? Travel via I-40 often? Want Privacy? Like to Grill or Entertain? This home offers all of this and SO MUCH MORE!! 118 Nails Creek Drive is currently being offered with 3 bedrooms and 2 full bathrooms. However, the upstairs space allows for major expansion and opportunity having both interior and exterior access! The backyard offers a full privacy fence situated around your space where you can grill, entertain, relax, and simply just enjoy your home! Located in your fenced in area is a concrete patio as well as a freshly painted deck that allows for even more flexible outdoor SPACE!! In the front of the home there is a FULLY COVERED porch that spans the entire front of the house, perfect for rocking or swinging while enjoying the sights and sounds of nature! Another added plus of this property is a fully paved driveway! Surrounded by shade trees, your electric bill is typically less than the average for this size home! This home has it all! SUPER CLOSE to the BRAND NEW Natchez Emergency Room and Imaging facilities! Schedule your private showing today!
Source: REALTRACS #3017184
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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.