1604 Becca Ln, Columbia, TN 38401
3 beds · 3 baths · 2,789 sqft
OPEN HOUSE SUNDAY 12-3 MARCH 30TH .....BLUE MOON HILL!! Looking for something close to town with easy access to 43 bypass, but private? Stunning all brick home nestled in the trees with amazing view and tons of space is awating you. Main level features 3 bedroom, 2 full baths, living room with vaulted ceiling and fireplace, dining, laundry and kitchen. Kitchen has new appliance package 2024- white with gold finishes. Nice built in banquette in the eat in area. Upstairs has unlimited possibilities: another full bath, large bonus room, office/homeschool room and extra room that could be for BR. Double garage in front of house and smaller one in back - both are attached. Lots of storage areas. 2 lots combined to be 4.77 total. In the back garage area you have tons of storage under the house that could be finished in. Sellers installed a Little Giant inline pressure system since on a hill to boost pressure. Front garage has smart openers via app with cameras. Right off the kitchen the back deck is 16' x 32' tons of space for get togethers. 2 HVAC units. Minutes from hospital and grocery stores with easy access to I-65. Home has a paved sidewalk near garage that goes in through living room to avoid any steps.
Source: REALTRACS #2803961
Financials
Source: Public records
Source: REALTRACS #2803961
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.
What 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.