4018 Clovercroft Rd Franklin, TN 37067
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About this home
Franklin Beauty with a Fresh Kitchen & full remodel, large flat lot & No HOA! Own a slice of Tennessee paradise in sought-after Franklin—a private home, large lot, NO HOA, and surrounded by mature trees. Thoughtfully updated from top to bottom, this property combines timeless design with modern convenience in one of the area’s most desirable school zones. Step inside to find an inviting floor plan designed for connection and entertaining, with five distinct gathering spaces that flow seamlessly indoors and out. The light-filled living room with custom built-ins and a cozy fireplace opens into multiple sitting areas, a sunroom with panoramic views, and an easy transition to the outdoor patio—perfect for hosting friends and family. The gourmet kitchen features new cabinets, granite counters, stainless steel appliances, and upgraded fixtures, all complemented by new flooring, lighting, and hardware throughout the home. Every detail has been refreshed, including a new roof, HVAC systems, and plumbing fixtures, offering peace of mind for years to come. The private in-law suite, complete with its own entrance, full bath, and walk-in closet, lives like a secondary master—ideal for multigenerational living, guests, or a private office retreat. The spacious primary suite includes a flexible nook that could serve as a third closet, dressing room, or home office. Outside, you’ll love the expansive front and back yards, ample parking with a wide pad, and the detached 2-car garage/workshop with electricity—perfect for hobbies, storage, or additional vehicles. This home is truly an entertainer’s dream and a family haven, blending modern updates with thoughtful spaces to gather, work, and unwind. Agent Owner.
Source: REALTRACS #2979326
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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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