1302 Dan Brown Dr Clarksville, TN 37042
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About this home
Seller is offering $5,000 towards buyer's closing costs!! Welcome to this well-maintained 4-bedroom, 3-bath home, perfectly situated on a large corner lot in the desirable Mills Creek subdivision located close to Fort Campbell and shopping. Step inside to discover a bright and open layout featuring an open floorplan with spacious kitchen with granite counters, double oven, and walk in pantry! The kitchen overlooks the elegant formal dining room with a coffered ceiling. The living area boasts an electric fireplace for cozy evenings and the convenience of electric blinds on the two large second story windows. The spacious primary bedroom is a true retreat with wood flooring and features two large closets and an en-suite bath with beautiful tiled shower and jetted tub. Need extra room? The large bonus room offers endless possibilities—use it as a media room, playroom, home gym, or office. This home is also equipped with SMART home technology (switches, door & window sensors, Smart double oven, Smart thermostat, alarm system, keypad deadbolt, doorbell camera, and motion sensor). Outside, the large corner lot provides ample yard space and curb appeal, perfect for outdoor enjoyment. Don’t miss your chance to own this move-in-ready home!
Source: REALTRACS #3015815
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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.