97 Ramah Rd Leoma, TN 38468
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About this home
Welcome to 97 Ramah Road in Leoma, Tennessee, a peaceful 12+/- acre country retreat offering space, function, and classic rural charm. This beautiful property is fully fenced and cross-fenced, making it ideal for livestock, horses, or simply enjoying open country living. With two ponds and lush pasture, it provides both beauty and practicality in a quiet, private setting. The property includes a 66x72 barn complete with six stalls, a tack room, and additional storage, perfect for equestrian enthusiasts or anyone needing ample space for animals or equipment. A large 40x60 workshop adds incredible versatility, ideal for a mechanic, craftsman, or anyone looking for a place to work on projects or store machinery. The home itself offers a warm, inviting atmosphere with comfortable living spaces. It’s designed for easy living, with room for family gatherings, cozy evenings, and peaceful mornings overlooking the countryside. Located just minutes from Leoma and a short drive to Lawrenceburg, this property offers the perfect blend of privacy and convenience. Whether you’re looking to start a small farm, run horses, or simply enjoy a quiet Country Lifestyle surrounded by nature, 97 Ramah Road checks every box. There is also an additional building site that already has a separate well and septic tank in place. Showing by appointment only.
Source: REALTRACS #3030996
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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.
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