3027 Cairns Dr W Mount Juliet, TN 37122
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About this home
Willoughby Station is one of the most sought after neighborhoods in Wilson County. The community pool, tennis courts and basketball courts are over the top for an extremely low HOA of $400 YEARLY! The schools are amazing and it is a very friendly inviting atmosphere any where you go. The home features a covered porch, two car garage and a 444 sq foot deck right of the kitchen and den. There are formal living and dining spaces that can easily be used as an office if you prefer. This is in addition to one bedroom and bathroom on the first floor. The second floor has four full bedrooms and two baths. The primary bedroom is large and has an entirely separate sitting area that can be closed off and shares a fireplace. If you don't need 5 bedrooms, one of the larger upstairs bedrooms would make a great bonus space as an option. The kitchen, breakfast room and den are all an open floorpan. The kitchen has a very large pantry and loads of cabinet space. The den has a gas fireplace as well as the primary bedroom.The back yard is fenced in and comes with a shed for storage.
Source: REALTRACS #3033519
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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.
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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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