3571 Old Blacktop Rd Mc Ewen, TN 37101
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About this home
This stunning custom home is ideally situated as the centerpiece of 103.99 acres. Inside, you will find a spacious 3,038 sq. ft. layout featuring 3 BD and 3.5 BA. Notably, the upper level includes two large rooms—one currently used as an additional bedroom and the other as a playroom—which can also be used as an additional bedroom. The home boasts custom cabinets, granite countertops, and a walk-in pantry. The living room is enhanced by a vaulted ceiling and a gas fireplace, while tile and luxury vinyl plank flooring are featured throughout. There’s also a two-car attached garage and spray foam insulation for energy efficiency. With over 1,900 sq. ft. of covered porches, the front porch offers picturesque views of the front pasture, while the back porch is perfectly designed for entertaining guests. The privacy this property provides is unparalleled, and the house is only five years old! The land is comprised of approximately 90 acres of timber, with the remainder consisting of open fields. Numerous trails throughout the property allow easy access to all areas. The property has been well-managed for wildlife, boasting an abundance of deer and turkey, making it an excellent hunting oasis. Several food plots and deer stands are situated on the property, and the rolling timbered ridges descend into a large flat area featuring open food plots and a year-round spring creek. There is ample room to add a barn or shop, making this property ideal for agricultural use. It offers limitless potential for personalization. Conveniently located just 19 miles from Kentucky Lake, the property is also 1 hour and 15 minutes West of Nashville, 20 minutes West of Dickson, 1 hour South of Clarksville, and 1.5 hours East of Jackson. The property comes with well water, gas, electricity, and fiber internet. In Greenbelt Program and has a VA assumable loan w/ low interest rate. (Do not have to be veteran to assume loan.) Video of Property linked below. Seller Credit Offered
Source: REALTRACS #2883738
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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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