3979 Wheelers Pl Bartlett, TN 38135
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About this home
Welcome to this stunning 4-bedroom, 3.5-bath home in one of Bartlett’s most desirable neighborhoods! Step inside and fall in love with the spacious layout featuring a large bonus room (used as a 5th bedroom) and multiple living areas designed for both comfort and entertaining. The chef’s kitchen is a showstopper with Acacia butcher block countertops, a deep touchless faucet, and SS appliances. Upstairs, you’ll find 3 generous bedrooms, a full bath, and a versatile bonus room, while the primary suite on the main level offers privacy and a spa-like retreat. Enjoy cozy nights by the fp in the family room or relax on the spacious back deck overlooking the landscaped yard—perfect for gatherings and summer barbecue & a detached "Man Cave/Tavern" w elect. to watch your favorite team. Updates provide peace of mind: Roof and HVAC system are less than three years old, and both water heaters are under two years old. Fresh, modern, and maintained, this Bartlett beauty is ready to welcome you home!
Source: MEMPHISTN #10208420
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.