This home is ideally located just minutes from the heart of Hendersonville and approximately 27 minutes to downtown Nashville, this beautifully remodeled, move-in ready home offers the perfect balance of convenience and space. Inside, you’ll find updated finishes and welcoming living areas designed for both everyday comfort and entertaining. But what truly sets this property apart is the massive, private in-law suite tucked behind the home. Complete with its own full kitchen, homes 2nd half bath and spacious homes 5th bathroom with its own private homes 4th bathroom. This separate living space is ideal for Multi-generational living, a property with income producing potential, someone in the music industry wanting a private studio, a in home business ,creative workspace and much, much more. For Nashville buyers in the music or creative industries, this detached suite provides the perfect flexibility and separation you need without sacrificing privacy and proximity to downtown Nashville as well as creating a good tax incentitiltve. Step outside the homes privately fenced backyard with a peaceful, park-like setting which is perfect for pets, hosting private gatherings, enjoying quiet evenings, or creating your own backyard retreat. There’s even plenty of space to add a pool, additional garage and elevate the outdoor living experience . Additional features include a 4-camera HD security system for peace of mind and additional parking for additional cars, camper, RV or tour bus. Whether you're commuting into Nashville or looking to enjoy the charm and community of Hendersonville, this home offers versatility, privacy, and opportunity — all in one exceptional property. Sellers preferred lender is willing to offer concessions and seller will provide 20k towards closing costs if price is increased to six hundred twenty thousand dollars since home has recently appraised well above asking price. Contact agent for details.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
