220 Jackson Ave Lawrenceburg, TN 38464
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About this home
If you’re looking for a home with character… this one is for you! Welcome to 220 Jackson Ave, a classic brick home in the heart of Lawrenceburg offering timeless character, flexible living spaces, and modern updates. With a spacious front porch, durable metal roof, and a layout designed for everyday comfort, this home blends charm and practicality. Inside, you’ll find a thoughtful floor plan that includes a living room, cozy den, formal dining room, and a full bathroom all on the main level. The sunroom at the back of the home is a true highlight, providing a bright and cheerful space perfect for morning coffee, a reading nook, or a play area. Updates completed in 2021 include luxury vinyl plank flooring and fresh paint, giving the home a clean and move-in ready feel while preserving its original character. Upstairs, you’ll find two spacious bedrooms and another full bathroom, creating a private retreat away from the main level. With versatile room arrangements, this home can easily accommodate family, guests, or a home office. Outside, the property sits on a .23-acre lot, providing an easy-to-maintain yard with room for gardening, play, or simply relaxing. The fenced backyard adds convenience for pets and outdoor activities, while the covered front porch offers a welcoming spot to unwind and connect with neighbors. Located just minutes from downtown Lawrenceburg, you’ll enjoy easy access to shopping, dining, schools, and local parks while living in a quiet, established neighborhood.
Source: REALTRACS #3001238
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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.