509 Courfield Dr, Franklin, TN 37064
3 beds · 4 baths · 2,265 sqft
This impeccably upgraded end-unit townhome, built by Ford Classic Homes, exemplifies elegance and refined living. With its charming curb appeal, meticulously maintained landscaping, rear patio, and an attached two car garage, this residence offers both style and functionality. The open-concept design seamlessly connects the living, dining, and kitchen areas, creating an inviting space ideal for both entertaining and everyday living. The first-floor primary suite features a spacious walk-in closet and a luxurious en-suite bath complete with dual vanities and a TV. Upstairs, a second living area compliments two generously sized guest bedrooms, each with its own private en-suite bath and tv. Thoughtfully curated upgrades elevate this home, including wainscoting and custom trim, rich hardwood flooring, plantation shutters on all windows, built-in bookcases with USB outlets, under-cabinet lighting in kitchen, additional recessed lighting throughout, custom cabinetry and shelving in garage, epoxy-coated garage and front porch flooring, a built in bar with beverage cooler, wrought iron staircase rails, and more. The outdoor living area is equally impressive, featuring at 10x10 gazebo and a gas fire pit, both of which remain with the home. Residents enjoy access to an array of community amenities including multiple pools, a playground, clubhouse, and its convenient proximity to upscale dining and shopping.
Source: REALTRACS #2799377
Financials
Source: REALTRACS #2799377
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.