2579 Munford Giltedge Rd, Munford, TN 38058
3 beds · 2 baths · sqft
Get a free consultation call with an expert in the mortgage assumption process.
Love natural light? Welcome to your new home! The wall of windows in this great room really brings the outside in and provides a great view of the of the covered front porch and large front yard. The great room has tall ceilings and includes a gas fireplace as well as views of the kitchen and dining area to create a nice big open living space downstairs. The primary bedroom and large bathroom are also located downstairs along with one other large room currently used as a bedroom with a barn door. This second room has access to the covered patio on the back of the home. The laundry room and an additional bathroom are located next to the side door to the detached garage. Upstairs you'll find a large loft that's open to the downstairs living space, two additional bedrooms, and another full bathroom. There is apartment/storage space over the garage in need of repair, but provides a rental option, office space, storage space, man cave - you name it! Garage wired for 220.
Source: MEMPHISTN #10184684
Source: MEMPHISTN #10184684
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.