509 Twelve Oaks Rd Tullahoma, TN 37388
Your savings
About this home
Welcome to Tara Estates! Nestled in the original section of the subdivision, this charming 3-bedroom, 3-bath ranch style brick home offers a rare blend of character, comfort, and modern updates. Set on a generously sized lot surrounded by mature trees, including one of the oldest-growth oaks in the neighborhood, this property delivers both beauty and privacy in a serene, peaceful setting. Inside, you'll find a thoughtful layout perfect for both everyday living and entertaining. Each bedroom features its own bath, offering ultimate convenience and privacy for family and guests. The spacious den is ideal for gathering and flows seamlessly into the kitchen and dining areas, with a centrally located restroom for added ease during get-togethers. Luxury plank flooring runs throughout the main living spaces, while the wet areas are finished with durable vinyl tile. The home has seen tasteful updates over the years, maintaining its original charm while adding the modern touches that make life easy. Step outside and enjoy your own private retreat: a composite porch lends to a patio with an 8-person hot tub that is perfect for unwinding under the stars. The backyard offers a fenced space to roam or garden, and the property includes a 30 Amp RV plug—ideal for storing your camper right at home. The detached garage is perfect for two vehicles and boasts an attached workshop that is cooled for those summer projects. Two outbuildings with electricity provide additional flexibility for hobbies, storage, or workshop use. The sellers have treasured the peaceful, safe feeling of the neighborhood, the spacious bedrooms, and the unbeatable location—just minutes from shopping, dining, and everything “town” has to offer. Don’t miss your chance to own this unique gem in a truly special setting.
Source: REALTRACS #2939464
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.