109 Chalford Pl, Lebanon, TN 37087
5 beds · 4 baths · 4,400 sqft
Welcome to this beautifully upgraded residence just minutes from Old Hickory Lake! Situated on over half an acre, this move-in-ready gem boasts over $150,000 in upgrades! New roof, pool & hot tub, hot water heater, fence & much more! Step inside to discover an expansive, open floor plan that invites natural light & creates a welcoming atmosphere. Main living areas feature refinished hardwood floors, new carpet & new paint throughout. Kitchen showcases all-new appliances, large granite island & beautiful subway tile backsplash. Primary bedroom conveniently located on the main floor, alongside two additional bedrooms & a full bath. Upstairs, find another bedroom with two versatile bonus areas, perfect for an office, playroom, or 5th bedroom along with a full bath. Enjoy the ultimate outdoor living experience in your fenced-in backyard with an extended patio, pool & relaxing hot tub—your personal oasis! 1% closing cost credit of loan amount with Suggested Lender!
Source: REALTRACS #2751143
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2751143
Source: Public records
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
