306 Amherst Dr Tullahoma, TN 37388
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About this home
REDUCED PRICE FOR QUICK SALE!! STUNNING BRICK HOME IN PRESTIGIOUS MACON MANOR! This magnificent two-story all-brick home offers 4 spacious bedrooms, 2 full bathrooms, 1 half-bath and 2,925 square feet of beautifully appointed living space on a generous lot surrounded by mature maple and oak trees. Step into the impressive foyer showcasing brand new 3/4" hardwood flooring that spans the entire home, complemented by crown molding accents. The formal dining room features large bay windows perfect for entertaining, while the large kitchen boasts newly remodeled granite countertops, high-end tile, ample cabinet space, and pantry storage flowing seamlessly into the breakfast nook. The laundry room is out of sight and off the main floor. The expansive living room centers around a wood-burning fireplace, ideal for cozy evenings while enjoying views of the spacious backyard through huge windows where birds and squirrels provide delightful entertainment. Upstairs, are four bedrooms, a large walk in closest next to the master suite and a great room above the garage for relaxing or perhaps a media room. The upstairs primary bedroom offers amazing views of the backyard with beautiful morning sunrises and evening rain showers for your pleasure! Your privacy downstairs or in your primary retreat while the children have friends over for fun times This home offers practical luxury with two staircases, upper-level laundry room, and concrete driveway. The neighborhood features wide, well-lit streets in the desirable Macon Manor subdivision. Minutes from Lakewood Golf and Country Club, Arnold Air Force Base, historic downtown Tullahoma, with top rated Coffee County Schools, and just 65 miles to Nashville! This home represents a perfect blend of small-town charm and modern convenience to meet all your needs!
Source: REALTRACS #2965010
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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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