1880 Red Fox Trl, Clarksville, TN 37042
4 beds · 3 baths · 1,950 sqft
Come check out this RED DOOR beauty! Home sits on a large lot 5 minutes to gate 10. Step inside to a wide foyer and open floor plan. The kitchen commands attentions in the front of the home with sink window facing forward, kitchen island, granite countertops, large pantry, and tons of cabinets! The dining and living room area are completely open and great for entertaining and keeping the family together in one space. Also on main floor, a half bathroom for guests, large laundry room, two extra closets for storage, and the primary bedroom. The primary bedroom can easily fit a king size bed and other furniture and has a second exit to the backyard. The primary bathroom includes two bathroom vanities and a second door to toilet and shower space. Upstairs includes 3 LARGE badrooms, two of them including attic space for even MORE storage. The hallway upstairs has two double doors for a large linen/storage closet. Upstairs bathroom includes a tub/shower combo and is also spacious. Let's head outside in the backyard where you'll experience space for the kids, the dogs, and the chickens and everything else that loves their feet in the grass and tons of sunshine! Fully fenced in, it's a great space for entertaining with a covered back porch, and though there is a bit of an upward slope, there is a flat area included as well. The playset conveys with home. An absolute gem of a home where you can enjoy the neighborhood on the front porch and remember that red doors mean GOOD LUCK! Schedule your showing today!
Source: REALTRACS #2807043
Financials
Source: Public records
Source: REALTRACS #2807043
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.