2101 Dilton Mankin Rd, Murfreesboro, TN 37127
3 beds · 2 baths · 1,962 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Rare opportunity to own a fully renovated charming country retreat on an acre of land backing up to serene farmland. The views are stunning from both the front and the back of the home. Inside you will find the living room with a cozy wood burning fireplace, a cathedral ceiling, and wood beams which is very rare with a one level ranch home. The large formal dining room is open to the living room creating the perfect space for entertaining and large family gatherings. Hardwood floors flow through the home and into the three bedrooms. Both bathrooms have been stylishly renovated to include new vanities with quartz tops, new fixtures, tile shower, & new tub. The separate den is the perfect space for a home office, playroom, gym, or teen hangout. The expansive outdoor screened room is a dream. It is so cozy and perfect for relaxing, watching sports, or entertaining. The detached storage building with electricity is an ideal workshop! The private yard is flat and is full of mature trees and lush landscaping. This home blends modern updates with classic charm and is ready for you to move right in!! Country views and peaceful surroundings that is only 10 minutes from downtown Murfreesboro! This home is practically new but with the serenity of a peaceful large yard and mature trees! No need to worry about replacements as this home has a new roof, water heater, both privacy & farm fencing, AC & duct work, attic insulation, all new exterior doors, replacement windows, and kitchen appliances! The swing on the back porch will not convey with the sale of the property. It is a family heirloom. *Chimney has been capped.
Source: REALTRACS #2820137
All values shown are estimated costs / mo.
Source: Public records
Source: REALTRACS #2820137
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.