1280 Bold Springs Rd, Mc Ewen, TN 37101
4 beds · 4 baths · 4,195 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Dreaming of leaving subdivision life? Enjoy country living, a short drive from the conveniences of town. Coming home, you'll be greeted every day by a charming covered bridge, that begins your driveway across a year round creek, leading to a stunning view atop your 15 acres. You’ll have than enough room for every member of your family in this 4 bedroom, 4 full bathroom home. With the primary bedroom & 2 bathrooms, living room & 2 bonus rooms on the main level, as well as 3 bedrooms & 2 bathrooms on the second level, your family will be able to take pleasure in their own space. Should you need to work remotely, this is the home for your. There are 2 high speed internet options as well as a space that could be an office, study or hobby space. This home also features a roomy full dining room & spacious kitchen with an abundance of cabinets & counter space. The oversized pantry is an organizer’s dream, with lots of shelves & space for an additional refrigerator as well as large freezer. You can relax & enjoy the day on the large backyard patio, in ultimate privacy surrounded by woods. Or take in a gorgeous sunset from the front yard, while looking out over the hills of Middle Tennessee. Enjoy the best of both worlds while living just 20 min from Dickson & I-40, 45 min to Fairview, 1 hr to Bellevue, 1hr 15 min to BNA. Don’t miss your opportunity to buy this incredible property in the growing & desirable McEwen community!
Source: REALTRACS #2804740
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 #2804740
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 of Equal Opportunity Act.