915 Brotherton Dr Cookeville, TN 38506
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About this home
Over 3 acres located in The Overlook providing a peaceful country setting, yet minutes to town. Not only do you have ample outdoor space to enjoy, but your home offers spacious living with custom details. Walking up you have your covered front porch to relax on, oversized double doors leading into your foyer, brick accented dining room, and the first living room with a gas fireplace + cathedral ceilings providing all of the natural light. Heading into your white kitchen offers island space and flows into your second living/sitting room. The main level also offers your primary suite with walk in closets, dbl vanity, soaking tub + tiled shower, and access to your backyard oasis. The 2nd floor offers 4 more bedrooms with en-suites, spacious closets, and another office space. Get ready to enjoy your home all summer long with a covered + open back patio perfect for entertaining, deck space with a hot tub, a European swimming pond for those hot days, and all the yard space to play in that is fenced. There is also a 12x30 building with electric and a covered patio as well as an oversized driveway and garage. The location is perfect, the home is amazingly maintained, and the outdoor space is to die for! 13 month home warranty for peace of mind.
Source: REALTRACS #2820632
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.