830 Bobo Hollow Rd Tullahoma, TN 37388
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About this home
Discover peaceful country living at its finest with this beautiful 5-bedroom, 3-bath home nestled on 11.6 serene acres in Lynchburg, TN. Perfectly tucked away for privacy, this property offers the ideal blend of comfort, charm, and natural beauty. Step inside to find Laminate floors flowing throughout the main living areas and a spacious, open layout perfect for family living or entertaining. The inviting living room features a stunning stacked-stone wood-burning fireplace, creating a cozy centerpiece for gatherings. A large formal dining room provides plenty of space for hosting holidays or special dinners. The home offers two bedrooms conveniently located on the main level, with additional bedrooms upstairs providing flexibility for guests, office space, or hobbies. Outside, you’ll fall in love with the property’s natural setting—multiple fenced pastures ready for livestock, a year-round creek and spring, and abundant wildlife, including deer and turkey that frequently visit. Enjoy quiet mornings or relaxing evenings on the beautiful covered front porch overlooking your private landscape. This property is perfect for anyone seeking a secluded retreat with room to roam, just a short drive from historic Lynchburg. Come experience the peace, privacy, and natural beauty of 830 Bobo Hollow Rd—your Tennessee countryside escape awaits.
Source: REALTRACS #3013977
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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.