126 Stone Bridge Trl W, Dunlap, TN 37327
4 beds · 3 baths · 3,719 sqft
Get a free consultation call with an expert in the mortgage assumption process.
WATCH VIDEO: https://youtu.be/tHVxZIKGAjc - Nestled on 16.85± acres, this custom-built home offers unparalleled craftsmanship and modern amenities in the serene, private setting of GATED Fredonia Mountain Nature Resort in Dunlap, TN. The 4 bedroom, 3 bathroom home boasts 2 DETACHED GARAGES to park 8 vehicles total, scenic sunset VIEWS, and Hickory HARDWOOD floors. Meticulously maintained and thoughtfully updated, this home offers 3,719± sq ft of finished living space, with an additional 1,436± sq ft of partially unfinished hideaway basement space for customization or your SAFE ROOM. The bright gourmet kitchen showcases stunning quartz countertops, walk-in pantry, and high-end appliances like a Sub-zero refrigerator, JennAir Multi-function stove, double oven, trash compactor, and Fisher Paykel double-drawer dishwasher. Cozy around the FIREPLACE or step out to the screened-in deck with sweeping mountain views. The primary suite on the main level offers a private retreat with luxury bathroom. Utilize the high-speed internet in your HOME OFFICE, making it easy to work remotely or stay connected. The entire home is equipped with a Lennox Healthy Climate HVAC system with HEPA filters, UV light treatment, and air humidifier for superior AIR QUALITY. Additional upgrades include the water purification system, home security system, Superior insulated walls, and dual 50-gallon water heaters. The attic space accessed through the attached garage offers additional potential for square footage expansion. The CLIMATE CONTROLLED 30x40' detached garage with epoxy floors is perfect for a car collection or hobbyist space. Additional climate controlled 20x30' garage with rubber flooring makes an ideal HOME GYM or WORKSHOP. Newly paved circular driveway adds functionality while the Tjuha trees provide PRIVACY. Enjoy the convenience of Stone Bridge Trailhead steps from your home or relax to the sound of 1,150± feet of flowing creek frontage along Johnson Mill Creek.
Source: REALTRACS #2790765
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: REALTRACS #2790765
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.