209 Kirk Ln, Gallatin, TN 37066
4 beds · 4 baths · 3,356 sqft
Seller is offering up to $10,000 closing cost credit with acceptable offer! Nestled on 5.5 picturesque acres, this stunning all-brick home combines elegance and functionality. The main house boasts a spacious and thoughtfully designed layout with 2 bedrooms on the main level, 2 bedrooms on the second floor with an oversized bonus room. The heart of the home features an open living area, perfect for entertaining. The kitchen has been recently updated with a stunning blend of granite/marble countertops. This home features new HVACs, new water heaters, and an encapsulated crawlspace. The 3-car garage offers ample storage and convenience. The property also includes a remarkable 1,400+ sq. ft. detached apartment, ideal for guests or multi-generational living. This separate space features a full kitchen, a private bedroom, 2.5 bathrooms, and a versatile bonus room, alongside an oversized 2-car garage.The detached apartment also features an encapsulated crawlspace and a wheelchair ramp for accessibility. Outdoors, a luxurious in-ground pool and hot tub create the ultimate space for relaxation or entertaining. Surrounded by lush greenery and serene views, this estate provides a private retreat. Conveniently located just 3 minutes from Liberty Creek High School, this property offers a rare blend of tranquility, luxury, and accessibility. Listed below recent appraisal!!
Source: REALTRACS #2775053
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2775053
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.
