545 Red Fox Dr Burns, TN 37029
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About this home
Beautifully renovated 3 bedroom, 3 bath home situated in a cul-de-sac of the highly sought after Red Fox Meadows subdivision in Burns. A large covered front porch greets you, perfect for rockers on 1.11 acres. This open concept floorplan features a vaulted ceiling in the breakfast room and living room and a tray ceiling in the dining space. Primary bedroom features a tray ceiling, door opening onto the covered back patio, an adjoining bathroom with a dual vanity, jacuzzi tub, walk in shower and a large walk in closet. Newly added bonus space upstairs complete with a full bath, walk in closet and mini split unit, that can be used as an office, rec room or extra bedroom. Home features fresh paint throughout, new LVP flooring (no carpet), new granite countertops in kitchen and downstairs bathrooms. New stainless steel appliances. New water heater. New roof. Freshly painted 2 car garage. Lovely landscaping surrounds the home. The covered front porch and back patio are perfect for relaxing or entertaining. Great location. Just 5 min from the I40, 15 min from Dickson and 20 min from West Nashville. This one is a must see! Check it out today!
Source: REALTRACS #2999812
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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.