2308 Somerset Valley Dr Antioch, TN 37013
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About this home
LIKE NEW! So many recent updates over the last two years! New roof, new hvac, new flooring, new kitchen cabinets, new quartz countertops, new dishwasher, new gutters, new garage door, new insulation, new blinds! Wow! So much peace of mind comes with this one! The inviting front porch has plenty of room to relax and hang out! Step inside to the beautiful main living area with an open floor plan that flows perfectly into the kitchen and dining area. Upstairs you will find the 3 bedrooms and 2 full bathrooms along with the laundry area ideally situated near the bedrooms! The outdoor area has a covered seating area that leads you to the 2 car garage with alley access, a fully fenced in yard and room to play! The tankless water heater ensures endless hot water! The HOA maintains all lawn outside of the fenced in areas. The neighborhood green space is popular for play and neighborhood events. This Cambridge Park neighborhood is quaint with only 77 homes and is so close to neighborhood favorites like Burger Republic, Edley’s BBQ, Sweetwaters Coffee & Tea, Red Bicycle and Sprouts Farmers Market—and don't forget about new dining and shopping at the near by Century Farms! This location offers the perfect blend of community, convenience and fun! Just 12 miles to downtown and 15 miles to the Nashville airport!
Source: REALTRACS #3015475
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Close stress-free in 45 days, handled start to finish by Roam.
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.