185 Cyril Wiser Rd, Manchester, TN 37355
3 beds · 2 baths · 2,965 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this stunning custom-built 3-bedroom, 2-bath brick home, offering 2,965 square feet of thoughtfully designed living space on 3.05 beautifully landscaped acres. Built in 2001, this home combines timeless craftsmanship with modern comforts, all just 10 minutes from Manchester Square while still offering the peace and privacy of a secluded setting with no HOA. Inside, you’ll find all bedrooms conveniently located on the first floor, with hardwood and ceramic tile flooring throughout the main level. The spacious primary suite features a trey ceiling, a luxurious jetted tub, separate shower, and a double vanity. A large carpeted bonus room upstairs offers the perfect space for a home office, playroom, or media room. The kitchen comes with beautiful granite countertops and is fully equipped with appliances, and the washer and dryer are also included. A cozy gas fireplace adds warmth and charm to the living area. This property also boasts a 2-car attached garage, as well as a separate 2-car detached garage that is heated and cooled—ideal for use as a workshop, studio, or man cave. Also included is a storage shed that remains with the home.The roof was replaced in 2022, and the upstairs HVAC unit is currently being replaced to ensure year-round comfort. With its beautiful setting, thoughtful features, and spacious layout, this home is the perfect balance of quiet country living and easy access to town. Don’t miss the opportunity to make it yours.
Source: REALTRACS #2815247
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 #2815247
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.