306 Amherst Dr, Tullahoma, TN 37388
4 beds · 3 baths · 2,925 sqft
Welcome to the desirable MACON MANOR neighborhood and let's tour 306 Amherst Drive, a beautiful two-story all brick home with 4 bedrooms and 2.5 baths. Step into your foyer and see the brand new 3/4" hardwood flooring that spans the entire home from top to bottom and features crown molding accents throughout. In the formal dining area note the large bay windows that are perfect for family gatherings. Move into the large kitchen area with a pantry and plenty of cabinet space. Newly remodeled granite countertops and high end tile that flow seamlessly into the breakfast nook. The large Living Room with wood burning fireplace is ideal for time to wind down and view nature in the spacious backyard. Now, we move upstairs to the master and other 3 bedrooms. The 4th bedroom could be that or a bonus room, rec room, your choice. The newly remodeled master bedroom and en-suite are simply amazing. The duel rain showers with floor to ceiling glass are breath-taking and the His/Hers walk-in closet is HUGE, a MUST SEE! Only 2 minutes from Lakewood Golf & Country Club. UPgrades:2022-2024 New dimensional shingle roof, 3/4" hardwood flooring, tile flooring, walk in closet , primary bathroom, double vanity w/granite countertops. gas water heater.
Source: REALTRACS #2792954
Financials
Source: REALTRACS #2792954
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.