7025 Headwaters Dr, Franklin, TN 37064
4 beds · 4 baths · 3,484 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Charming All-Brick Home in Waters Edge–Minutes to Downtown Franklin! This 4-Bed, 3.5-Bath English Manor-Style Home Offers 3,484 Sq Ft of Beautifully Upgraded Living Space on a Quiet 0.20-Acre Lot Backing to Mature Trees. Enjoy the Inviting Wraparound Front Porch Overlooking Community Green Space—Perfect for Morning Coffee or Evening Relaxation. Inside Features Include Hardwood Floors, Elegant Archways, and an Open Layout Ideal for Entertaining. The Chef’s Kitchen Boasts Granite Counters, Stainless Appliances, Double Ovens, Gas Cooktop, Walk-In Pantry, and Oversized Island—All Open to the Dining Area and Living Room With Gas Fireplace. Step Out to the Covered Back Patio for Private Outdoor Living. Custom Built-Ins Enhance the Front Office and Laundry/Mudroom, plus Two Amazon Smart Thermostats (Each Controlling One Level) and ADT Security System. Upstairs Includes a Versatile Loft, Bonus Room, and Spacious Bedrooms. The Private Primary Suite Features Double Vanities, Soaking Tub, Walk-In Shower, and Large Closet. Zoned for Top-Rated Schools in the Amenity-Rich Waters Edge Community Featuring a Pool, Kids Splash Pad, Workout Facility, Playground, Hiking Path, and Open Green Spaces (Maintained by HOA)—All Just Minutes to Downtown Franklin.
Source: REALTRACS #2818438
Source: REALTRACS #2818438
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.