2002 Solomon Ct, Spring Hill, TN 37174
4 beds · 3 baths · 2,503 sqft
Free appraisal is offered with preferred lender. Motivated seller!! Schedule your own personal showing today! This beautiful home is in the coveted Reserve at Port Royal community on a quiet cul-de-sac. Soaring vaulted ceilings, a staircase, and warm hardwood flooring greet you and your guests in the entryway. This open concept flows through the living, dining, and kitchen spaces. Snuggle up by the wood burning fireplace (with gas starter) in the living room. The kitchen offers stainless appliances, an island with seating, and a pantry for storage. Enjoy the sunlight in all seasons in the large sunroom, just off the kitchen. There's also a powder bath for you and your guests. The spacious downstairs primary suite features a trey ceiling and private bath with walk-in tile shower and a garden tub to soak the stress away. Three more bedrooms share another full bath upstairs. The massive upstairs bonus room is a perfect gathering space to sit back and relax. Entertain with a BBQ in the fenced back yard or take a dip in the sparkling community pool in the warmer months. The yard is perfect for pets, play, and more. Located just minutes from everything you need! Nearby to shopping, restaurants, and access to I-65 for easy commuting. You're going to love this one!!
Source: REALTRACS #2768056
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2768056
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.
