1563 Centerville Hwy, Hohenwald, TN 38462
6 beds · 2 baths · 2,842 sqft
Nestled on 9.3 acres of beautiful Tennessee countryside, this charming home offers the perfect blend of privacy, space, and convenience. Whether you're looking for a peaceful retreat, a hobby farm, or a place with room to explore, this property has it all. The home features a spacious covered patio, perfect for relaxing and entertaining, along with recent updates, including new flooring and a partially updated roof. Inside, you'll find a fully finished basement with additional bedrooms and a full bath, providing extra living space for guests, a home office, or a separate living area. A detached two-car garage offers ample storage and workspace, complete with a basketball hoop for added fun. Additional outbuildings, including a barn-style shed and a storage building, provide plenty of room for equipment, hobbies, or even livestock. Outdoor enthusiasts will love the year-round creek, mature trees, and rolling terrain, ideal for hiking, hunting, or simply enjoying nature. The firepit area makes for the perfect spot to gather under the stars. With convenient road frontage, you’ll enjoy easy access to town while still benefiting from a peaceful, private setting. Don’t miss this rare opportunity to own a slice of Tennessee paradise—schedule your private tour today!
Source: REALTRACS #2807394
Financials
Source: REALTRACS #2807394
Source: Public records
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.