204 Elmington Ave Nashville, TN 37205
Your savings
About this home
Imagine your front yard is Elmington Park. You're in the historic West End/Whitland neighborhood with no HOA and equidistant to Green Hills, 12 South, Hillsboro Village, and Sylvan Park, with Lower Broadway a straight shot down West End Avenue. Both sophisticated and chic, this award-winning home from Focus Builders, and furnished by Onyx & Alabaster, was crafted with an uncompromising attention to detail, yielding a grand residence for family living and holiday entertaining. Out back, your private sanctuary awaits. An effortless open floor plan creates both covered and uncovered outdoor living spaces. Gather around the Big Green Egg or wood burning fire and watch the game with loved ones. Kids and pets alike can play in a smartly turfed yard that’s low on maintenance and high on style. Anchoring the property is a detached two-car garage with a fully finished guest suite above. One could enjoy it as an expansive home office or for multigenerational living with parents and in-laws, or even as a separate, income producing short-term rental. A stunner in every way, this elegant, turnkey property is ready for your family’s next chapter. Featured in multiple local magazines and even some national commercial shoots due to its impressive function, design, and luxury, 204 Elmington Ave sits on a stately street in one of the best locations Music City has to offer. Ultimately, this is a residence you can be proud to call home. Come join the community today.
Source: REALTRACS #3039030
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.