2761 Sutherland Dr Thompsons Station, TN 37179
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About this home
Welcome to this beautifully updated single-family home located in the heart of Thompson Station. This move-in ready residence offers 3 spacious bedrooms, 2 bathrooms, and 1,429 square feet of well-designed living space. The open floor plan is perfect for both entertaining and relaxing, with an abundance of natural light that highlights the home’s modern features. The kitchen has been recently updated with sleek stainless steel appliances, and the entire home is outfitted with energy-efficient LED light fixtures. The flooring was replaced just 2 years ago, adding a fresh and contemporary touch to every room. Enjoy peace of mind with several major updates: the roof was replaced 6 years ago, the air conditioning is 6 years old, and both the water heater and appliances are just 4 years old. The home also boasts a 2-car garage offering plenty of storage space. Enjoy double vanities in the primary bathroom and a spacious walk-in closet both attached to the primary bedroom. Located in a quiet neighborhood, this home provides easy access to the interstate, making commuting a breeze. It’s also just minutes away from shopping, dining, and local amenities. This property is perfect for anyone looking for a move-in ready home with modern comforts in a desirable location.
Source: REALTRACS #2994100
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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.