3760 Hoggett Ford Rd Hermitage, TN 37076
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About this home
Seller offering $5,000 towards closing costs with acceptable offer. The perfect move-in ready home in one of Hermitage’s most sought-after, amenity-rich communities. Entertainer's open floor plan leading out to a wonderful covered back patio w/ white lights and a large back yard w/ a newly stained privacy fence...just in time for fall fun with the kids, the dogs and football. Multiple upgrades throughout including beautiful hardwoods, designer accent walls, new bathroom lighting & mirror, laundry room cabinets / hanging bar, tankless water heater & more. Beautiful white kitchen w/ stainless appliances, subway backsplash, walk-in pantry and new microwave. New carpet in the great room and fresh paint throughout. Three bedrooms w/ walk-in closets up including a peaceful primary suite w/ lovely tray ceiling, full-height XL tile shower, water closet & generous walk-in closet. Lastly, don't forget the awesome 420 sqft bonus room. A bonus so spacious, it's currently a guest room, play room, office & workout space! Rear two car garage w/ additional storage & lengthy driveway for a plethora of parking. Ring doorbell & garage MQ remain. Curtain rods remain. Curtains do not remain. Enjoy walkable sidewalk access to the neighborhood pool, clubhouse, fitness center, walking trails and outside the neighborhood to Salvo's Pizza & the yummy Flour Your Dreams Coffee and Bakery. Just minutes to beautiful Percy Priest Lake & Nature Area, highway I-40, BNA Airport, and all the best Nashville has to offer. Flexible on close timeline. Seller has very low rate assumable VA loan.
Source: REALTRACS #3002883
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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.