1217 Wexford Downs Ln Nashville, TN 37211
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About this home
Welcome to this beautifully updated home that combines modern living with classic charm. Step inside to discover an open floor plan that seamlessly connects an office, dining room and spacious great room, all highlighted with floor to ceiling windows. So much natural light! A cozy gas fireplace is the center point of the great room and is a perfect space for entertaining. The kitchen boasts stainless steel appliances, new dishwasher (2022), new refrigerator (2021) and an inviting island / prep station with storage. Kitchen also has a large walk-in pantry. The home also features beautiful hardwood flooring and all the bedrooms have large closets and storage. The primary closet was just remodeled with a new closet installation including drawers, shelves and storage (not pictured)! And the remodeled primary bath is spectacular with a large walk-in shower with shower bench. It is a must see! Recreation room upstairs also has two ample walk-in attic storage areas. The well-designed layout includes an in-law or guest suite on the main level with a full bath. Enjoy the outdoors on the deck overlooking the backyard, ideal for gatherings and entertaining. Additional highlights include newer roof (2023-with a 50 year transferable warranty), newer larger HVAC (2020), newer water heater (2019), smart locks, newer light fixtures, ceiling fans, and intricate trim work, adding to the home's charm. Conveniently located near Nipper's Corner, this property is a must see!
Source: REALTRACS #2927700
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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.