212 Lake Cv, Old Hickory, TN 37138
2 beds · 1 baths · 890 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Open House this Sunday (4/6) from 2-5PM! 100% financing available with no income limits! Preferred lender offers closing cost incentives plus a free appraisal. Settled at the end of a serene cul-de-sac just moments from the scenic Cumberland River, this beautifully renovated home offers tranquility and style in one perfect package. Step inside and fall in love with the stunning hardwood floors flowing seamlessly throughout. Imagine preparing meals in your dream kitchen featuring custom soft-close cabinetry, sparkling quartz countertops, and sleek stainless steel appliances including range, refrigerator, microwave, and dishwasher. Gather and unwind in the cozy step-down living room, where the warmth of a crackling wood-burning fireplace invites relaxation on chilly evenings. The bathroom provides everyday luxury with double quartz vanities and an elegantly tiled shower backsplash. Outside, your private backyard oasis awaits—enjoy endless summer days lounging by your refreshing above-ground pool or hosting gatherings on the spacious, multi-level deck perfect for grilling, entertaining, or simply savoring quiet moments. An attractive 8' privacy fence completely encloses your retreat, offering unmatched peace and seclusion. Thoughtful details like an upgraded storm door at the welcoming front entrance add comfort and style. Meticulously maintained and ready for new memories, this exceptional home combines modern convenience, charm, and a prime location. Don't miss this opportunity—your dream home awaits!
Source: REALTRACS #2812728
All values shown are estimated costs / mo.
Source: Public records
Source: REALTRACS #2812728
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 of Equal Opportunity Act.