131 Elnora Dr Hendersonville, TN 37075
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About this home
Beautifully renovated brick ranch just two blocks from Old Hickory Lake! This spacious 3-bedroom, 3-bath home offers modern living with an open floor plan, stylish updates, and a fully finished walkout basement. The main level features original hardwood floors that have been restored, 3 bedrooms, 2 full bathrooms, a bright, modern kitchen with white cabinetry, quartz countertops, and an island that opens to the living and dining area—perfect for entertaining. Large windows throughout give this space lots of natural lighting. The primary suite includes a brand-new walk-in shower and a generous walk-in closet. The finished basement provides endless possibilities with two additional rooms complete with closets, a full bath, its own kitchen, and a large recreation room—ideal for guests, a home office, or multigenerational living. Enjoy the outdoors on your expansive deck overlooking the half-acre lot, or take a short stroll to nearby marinas, lakeside restaurants, and the greenway. The attached garage offers parking and ample storage. Located on the desirable Waltons Ferry peninsula, this home combines lake-area living with the comfort of modern design—move-in ready and minutes from everything Hendersonville has to offer! **Roof 2021; Hot Water Heater 2020; HVAC 2023; Mini Split Hvac in Basement 2023; Sump Pump 2020; Primary Shower redone 2025; Dishwasher 2025
Source: REALTRACS #3017193
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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