1280 Bold Springs Rd Mc Ewen, TN 37101
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About this home
****ASSUMABLE 3% VA Loan for qualified buyers****Excellent opportunity for Veterans or Non-Veterans to buy more home for your money, making your dream of country living a reality. You can look forward to coming home every day, where you'll be greeted by a charming covered bridge, that begins your driveway across a year round creek, leading to a stunning view atop your 15 acres. At over 4,000 sqft, this 4 bedroom, 4 full bathroom home is perfect for a growing family. With the primary bedroom & 2 bathrooms, living room & 2 bonus rooms on the main level, as well as 3 bedrooms & 2 bathrooms on the second level, every member of your family will be able to find comfort in their own space. Should you need to work remotely, this is the home for you. There are 2 high speed internet options as well as a space that could be an office, study or hobby space. This home also features a roomy full dining room & spacious kitchen with an abundance of cabinets & counter space. The oversized pantry is an organizer’s dream, with lots of shelves & space for an additional refrigerator as well as large freezer. You can relax & enjoy the day on the large backyard patio, in ultimate privacy surrounded by woods. Or take in a gorgeous sunset from the front yard, while looking out over the hills of Middle Tennessee. Enjoy the best of both worlds while living just 20 min from Dickson & I-40, 45 min to Fairview, 1 hr to Bellevue, 1hr 15 min to BNA. Don’t miss your opportunity to buy this incredible property in the growing & desirable McEwen community!
Source: REALTRACS #2804740
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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.