14 Avery Ct Manchester, TN 37355
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About this home
Welcome to 14 Avery Ct, located in the sought-after Fredonia Village! Nestled just outside the city limits, this property offers a quiet, country feel while still being just minutes from Interstate-24, downtown Manchester, Old Stone Fort State Park, shopping, restaurants, schools, and more. The modern kitchen is a delight, featuring granite countertops, custom cabinetry, stainless steel appliances, and a gas line already in place if you prefer a gas range. The primary suite boasts a large walk-in closet, a luxurious 6x5 tiled shower, marble-topped custom vanity, and a linen closet for extra storage. Just off the main living area, you'll find a dedicated office, perfect for remote work or study. The oversized 28x28 garage provides ample parking and storage, and the large bonus room is complete with a walk-in closet and easy attic access. Enjoy your mornings on the covered back patio and your evenings gathered around the fire pit in the fully fenced backyard. The storage building remains. This home truly checks all the boxes! $4,000 Closing Cost CREDIT with use of preferred lender, Halston Warren with New American Funding.
Source: REALTRACS #2987711
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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.
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