621 Teree Dr Gallatin, TN 37066
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About this home
Welcome to 621 Teree Drive, where comfort meets convenience in the heart of Gallatin. This cheerful four bedroom, three bath ranch sits on a generous, level lot in a friendly, established neighborhood with no HOA. That means more freedom for you and more room to enjoy the good life. Inside, the living room shines with open wood beams, giving you that cozy Great Room vibe everyone loves. Step out front and sip sweet tea on your rocking chair porch, or head to the back deck overlooking a spacious yard that’s perfect for cookouts, pets, or a pickup soccer game. An attached carport and backyard storage building add plenty of everyday convenience. The clever floor plan includes a converted den that now serves as a private suite. Complete with its own entrance, kitchenette, and full bath. Whether you dream of hosting family, creating a mother-in-law suite, or taking advantage of the home’s short term rental potential, this space gives you options, and income possibilities! Location is the icing on the cake. Just minutes from historic downtown Gallatin, you’ll have shopping, dining, and entertainment at your fingertips. Nashville International Airport and Downtown Nashville are only about 30 minutes away. Even closer, Sumner Regional Hospital is a quick five minute drive. Schools are nearby too with elementary, middle, and high all within a short drive. And the best part? At the end of the block sits Gallatin’s beloved Municipal Park. From playgrounds and ballfields to tennis courts, trails, and wide open green space, it’s like having an extension of your own backyard. This home isn’t just a place to live. It’s a lifestyle filled with comfort, convenience, and opportunity. Come see why 621 Teree Drive might just be your next address!
Source: REALTRACS #2986797
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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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