8310 Dog Creek Rd, Primm Springs, TN 38476
3 beds · 2 baths · 1,868 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Save up to 1% of your loan amount as a closing cost credit when you use seller's suggested lender! Just off the Natchez Trace Pkwy, three miles from the Williamson/Maury county lines, you will find this private retreat welcoming you into the serenity of Primm Springs. 25 minutes to iconic Leiper's Fork, 20 minutes to I-40, 30 minutes from dining in Columbia, and 45 minutes from Cool Springs shopping make this an ideal central location. 20+ acres offers a mix of open pasture that transitions up a mild slope of walkable woods. This property offers the room for additional build sites making it perfect for a family compound. Relax on the deck or in the pool as you're cradled by Tennessee hills for every magnificent sunset. Inside the home, you'll be greeted with new paint and carpet ready to move in. The spacious main bedroom features a private entrance to the deck and an en suite bathroom with dual vanities and two large closets. Connecting all the rooms in the center of the house is the open and inviting eat-in kitchen that includes stainless steel appliances. To the back you will find a utility room that features washer/dryer hookups, water heater, and exterior exit. Off of the kitchen, you will find a full bath with shower/tub combo. There are two additional bright and comfortable bedrooms along with two living areas. One of which features a large bay window overlooking the pool deck, tall ceilings, and large double doors exiting onto the covered deck. Directly behind the house you will find a cellar/shelter that was built into the slope. Two wells ensure this property is ready for additional buildings or animals.
Source: REALTRACS #2778779
All values shown are estimated costs / mo.
Source: Public records
Source: REALTRACS #2778779
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.