373 Sarava Ln, Smyrna, TN 37167
3 beds · 3 baths · 2,016 sqft
This charming and spacious home offers a warm welcome! You'll love the gorgeous laminate flooring throughout. The living room features soaring vaulted ceilings that enhance the airy, open feel. The beautifully designed eat-in kitchen boasts crisp white cabinetry, quartz countertops, and a stylish tile backsplash. A bright and cheerful dining area, framed by bay windows, fills the space with natural light. The main-level primary suite is a serene retreat, complete with a tray ceiling, a private en-suite bathroom with double vanity and separate shower and tub, and a generous walk-in closet. Two additional bedrooms on the main floor share a well-appointed second full bath. Upstairs, a versatile bonus room with its own half bath, offers the perfect opportunity for a fourth bedroom, home office, or guest suite. Step outside on the large deck and enjoy the warmer months in your private, fenced-in backyard, ideal for relaxing or hosting gatherings. A two-car garage provides convenience and protection for your vehicles year-round. Located in the highly sought-after Triple-Zoned Stewarts Creek School District, this home offers an exceptional location with easy access to I-24, shopping, dining, and more! Schedule your showing appointment today!
Source: REALTRACS #2808854
Financials
Source: REALTRACS #2808854
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.