207 Manscoe Pl, Clarksville, TN 37043
4 beds · 3 baths · 2,981 sqft
VA ASSUMABLE OPTION - 2.875%, $2203/mo. Luxury at its finest! Stones Manor is more than a neighborhood, it's a lifestyle! Enjoy the scenic walking trails, relaxing resort-style beach entry pool, beautiful clubhouse, stocked pond, & wkly lawn care! BETTER than NEW; immaculate & sellers have spent thousands on upgrades! Desirable layout w/ primary BR suite on main, guest suite on main, plus a study/formal DR! Entertain in the 2-story great room w/ cozy stone fireplace! The gourmet kitchen is a focal point, featuring a gas range, double ovens and an oversized island. A covered screened porch creates an inviting outdoor space for relaxation or hosting guests. Upstairs, the spacious bonus room adds versatility, providing an area for recreation/relaxation or 5th bedroom! Manicured lot with stunning landscaping & fenced rear yard! Zoned for highly sought after KIRKWOOD Schools. No CITY taxes! Conveniently located near I-24, shopping, schools, & other daily conveniences!
Source: REALTRACS #2789161
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2789161
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.