625 Mag A Mor Dr Lafayette, TN 37083
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About this home
Experience modern comfort and style in this beautifully renovated home situated on a quiet, peaceful tree-lined cul-de-sac just 5 minutes (at the most) from town amenities. The chef-inspired kitchen offers custom cabinetry, a farmhouse sink, granite countertops, newer appliances (2021), and an upgraded refrigerator ice maker (Jan 2025). The inviting living area features a cozy gas fireplace, while the primary suite includes a spacious glass and tile shower for a spa-like retreat. Enjoy the impressive 24x32 insulated garage equipped with 100-amp service, water, and a mini split HVAC—ideal for a workshop, storage, or hobbies. A 12x24 storage building provides even more space. Recent updates include new interior lighting (June 2024), exterior lighting (June 2025), hard-wired landscape lighting (May 2025), and freshly painted exteriors with new shutters (May 2023). Durable LVP flooring (May 2024) and fresh interior paint (May 2024) enhance the home’s contemporary appeal. The fenced backyard offers privacy and plenty of room for outdoor enjoyment. This move-in ready property combines updated finishes, thoughtful amenities, and a fantastic location close to shopping, restaurants, entertainment, parks, and local schools—home to a championship-winning high school football team! Garage has 220 wiring & house has brand new breaker box!
Source: REALTRACS #2931567
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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.