935 Hearn St, Gallatin, TN 37066
4 beds · 2 baths · 1,915 sqft
This charming corner lot brick home in Gallatin is move-in ready and boasts a prime location on 0.25 acres. With a roof that’s only 5 years old and fresh interior paint, this home offers both style and peace of mind. The inviting covered front porch provides the perfect spot to enjoy the outdoors. Inside, you'll find an abundance of natural light pouring through oversized windows, highlighting the hardwood floors, interior columns, and stunning exposed brick beam. The decorative stone fireplace is a true focal point! This home features 4 spacious bedrooms and 2 full bathrooms, with the 4th bedroom offering versatility as a home office or guest room. The kitchen is a true delight with a fresh new backsplash, built-in stovetop, double oven, and ample cabinet space – all appliances will remain for your convenience. The large, finished bonus room, currently used as an at-home gym and extra storage, offers even more possibilities, and it has its own exterior door for easy access. Outdoors, you'll find a detached two-car garage/workshop with electricity – perfect for hobbies or projects. Plus, the covered back patio could double as a carport. This home is conveniently located just minutes from shopping, dining, healthcare, and downtown Gallatin. Don’t miss out on this gem!
Source: REALTRACS #2772230
Source: REALTRACS #2772230
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.
