135 Riverwood Dr Hendersonville, TN 37075
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About this home
Charming Ranch on 0.71-Acre Lot in Hendersonville — Just Minutes from Old Hickory Lake! Welcome to this well-priced 3-bedroom, 1½-bath ranch-style home offering approximately 1,326 sq ft of comfortable living space in the sought-after 37075 zip code. Nestled on nearly three-quarters of an acre of beautifully matured trees, the lot provides a rare blend of privacy and space — perfect for outdoor living, gardening or simply relaxing under the canopy of mature oaks and maples. Inside you’ll find a bright and airy living area that flows effortlessly into the dining space and kitchen. The primary and two additional bedrooms are all on one level, making this home ideal for families or downsizers looking for convenience. Highlights you’ll love: Spacious lot (~0.71 acres) with endless backyard potential One-level living in a home built in 1984 — no stairs to contend with Great location — close to shopping, dining, parks, and recreation, and just minutes from Old Hickory Lake for boating/fishing fun Unfinished full basement 1326sq ft-- giving you extra storage or future expansion potential No HOA, offering you freedom and flexibility With fresh paint, updated flooring and a few finishing touches this home could shine! Whether you’re looking to move right in or personalize to your taste, here’s an opportunity to own a slice of Hendersonville at an amazing value. Priced at $360,000, this home presents strong value at roughly $271 per square foot. Don’t wait — homes of this size and lot size in this area are rare and this one is priced to sell. The Sellers are motivated — bring your clients and make an offer!
Source: REALTRACS #2990277
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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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