156 Hampton Pl, Gallatin, TN 37066
3 beds · 2 baths · 1,471 sqft
Lovely well maintained home in sought after the Hamptons of Gallatin, one of Gallatin's finest areas. New roof and Soffits to be replaced in January 2025. New HVAC 2022, New hot water heater January 2025, Windows 2014, Walk-in showers 2015, and New Garage Door Opener in 2024. The extra-large Kitchen has an abundance of Cabinets and Counter Space with an added special bonus of an extra-large picture window to the backyard. Master Bath features Walk-in His and Her Closets, as well as a large Linen Closet and huge Walk-in Shower. The covered Front Porch features a nice seating area and low maintenance PVC White Railings. Large exterior back patio. Workshop Bench in Garage to remain. All kitchen appliances to remain including the Refrigerator and Washer/Dryer. Security system to remain. Air duct cleaned in Fall 2024. The Hamptons community is convenient to both the 31E and East Main Corridors with shopping, food, and medical facilities only a few moments away.
Source: REALTRACS #2778952
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2778952
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless closing.
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.
What 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.
MLS ID: #2778952
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.