6 Badger Ln Carthage, TN 37030
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About this home
Priced $25K Below Appraisal! Property just had an FHA appraisal, value was $270K, bring your buyer looking for a Beautiful Deal! Ideal for First time Home Buyer, Seller willing to contribute to Buyer's closing cost! Welcome to this charming and thoughtfully designed 3 bedroom, 1 bath home where every square foot has been maximized for efficiency & comfort. Discover the perfect blend of style and function as you step inside, the bright, airy atmosphere instantly highlights the open layout that creates an inviting space to live in & enjoy! Volume Ceilings & filled with natural light, the living, dining & kitchen area provide an ideal place to come home to. LVP flooring throughout adds functional beauty and easy maintenance to this home. The kitchen is delightful with gray cabinets, center island and stainless appliances! The primary bedroom has a flex space (currently used as 4th bedroom) could be used as an office, exercise room or additional closet space. The oversized laundry/mud room is perfectly placed and is sure to please. The Septic and CHA were both replaced last year, adding value and peace of mind. Outside boasts a charming front porch to enjoy the view and a 10' x 12' Shed provides additional space for storage! Don't miss this opportunity to own a home that lives larger than its square footage. Perfect for a First time Home Buyer, Seller willing to contribute to Buyer's Closing Cost! Motivated Seller, schedule your showing today & bring all offers!
Source: REALTRACS #3012181
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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.