187 Th Hooper Ln Mc Ewen, TN 37101
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About this home
Country Living with Modern Elegance on 11.77 Private Acres. Rustic charm and contemporary luxury in this 4 Bedroom, 3 Bath retreat, nestled on nearly 12 acres of countryside. Whether your dreaming of fishing, hunting, farming, or simply enjoying nature, this property offers it all - with upgrades throughout! Spacious open-concept living area with vaulted ceilings and a stunning wood-burning rock fireplace. Fully updated kitchen with new cabinets, sleek countertops, double sink, stylish fixtures, soft-close drawers, stainless steel appliances, and beautiful new island. New flooring throughout. Main-level bath with jacuzzi tub/shower combo, new modern vanity, new flooring, and ample storage. Two large size bedrooms with closet space on main level. Private Master Suite (upstairs) has loft-style living/office area with views of the living room fireplace. Private balcony access, built in bookcases, and massive walk-in closet. Spacious bath with jetted jacuzzi tub and a separate shower for two! Additional interior perks: tankless water heater, mini-split A/C system for added comfort in the oversized bedroom above the garage, central vacuum system, well water with a 2 year old pump reaching 500-600 feet --NO Water bill! Outdoor amenities include 30x40 Barn, 4-5 stalls, with water & electricity, ideal for horses or livestock. Farm Shop building with double garage and separate concrete area. Chicken coop and electric fencing. Above-ground pool (liner and pump 3 years old), fruitful peach trees and open space perfect for gardening. Just minutes from a local golf course, marina, shopping and more. Peaceful, private setting while still convenient to everyday amenities.
Source: REALTRACS #2981992
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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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