174 Dorris Ln, Portland, TN 37148
3 beds · 2 baths · 1,430 sqft
Charming Custom Farmhouse in Peaceful Country Setting on a Corner Lot! Nestled in the serene countryside, this beautiful custom-build offers the perfect blend of modern comforts and rustic charm. Featuring 3 spacious beds and 2 full baths, this home sits on a generous 1-acre lot, providing plenty of room to enjoy outdoor living with NO HOA and the privacy of a Corner Lot. The open-concept living area boasts a vaulted ceiling, enhancing the space with natural light and a sense of openness. Wide-plank laminate flooring runs throughout, offering both style and durability, while custom cabinets and trim throughout provide exquisite craftsmanship. The kitchen is a dream, complete with Seller Added island, beautiful backsplash, pull out trash bins, corner lazy susans, and desk/coffee station/cabinet storage area. You'll find plenty of counter space, making it perfect for preparing meals and entertaining guests. The home also features beautifully tiled bathrooms, and a convenient walk-in utility room with Seller added storage cabinets & counter. Outside, the front porch and back patio invite you to relax and enjoy the peaceful views of your sprawling lot. Cedar shutters add a touch of rustic elegance to the exterior, complementing the farmhouse style. Outdoor storage Shed for all of your outdoor supplies/toys. Whether you're relaxing on the porch, hosting friends and family, or enjoying the quiet of your surroundings, this home offers the ideal retreat. Only 19 min. to Gallatin and 40 min. to Nashville. Don’t miss the opportunity to own this charming country home – schedule your showing today!
Source: REALTRACS #2773155
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2773155
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: #2773155
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.