103 Elizer St, Hendersonville, TN 37075
3 beds · 3 baths · 2,791 sqft
Wide open spaces to run and play and No HOA!! Established neighborhood in the rolling hills of Tennessee! Almost an acre lot with gorgeous shade trees! Lots of covered porch area for outdoor living! Welcoming two story entry with wood stairs & moldings. Living Room, Den/Recreation Room, Kitchen, Formal & Informal Dining & Owner’s suite are all on the main level. Private, huge Den/Recreation on main level has a Wood burning Fireplace with an arched brick opening & hearth, Wanescot molding w/ beadboard, Crown molding, 2 ceiling fans, newer carpet, 2 ceiling fans, 6 ft. windows. Entry, Owner’s suite, Dining & Kitchen all have low maintenance, durable Luxury Vinyl Plank (LVP) flooring. Back door opens to covered screened deck. Kitchen has granite countertops, tile backsplash, wood cabinets w/ crown molding, stainless sink, high arch sprayer faucet, double door pantry. Picturesque view from kitchen sink of the peaceful back yard! Stainless appliances LG smooth surface cooktop, microwave/convection oven, Oven, dishwasher, Samsung French door Refrigerator w/ convenient drawer, ice & water. 2 generous size bedrooms upstairs w/ sitting rooms plus ALL New shared bath w/ granite vanity, custom accent white cabinets w/ crown molding, 2 sinks, Drawers, Linen cabinet, LVP flooring, custom tile shower/tub, rain shower head. 2 car basement garage has central heat/air vent, garage door openers, a pedestrian door to the backyard. Wide parking area w/ plenty of turnaround/parking area for family & friends. Low maintenance Pella Windows installed in 2021 and 2023. Both HVAC units installed in 2021. New water heater 2024. Whole house fan also helps cool the house. Walk-in attic storage is 25’x13’. Super convenient to shopping, interstates, Hospital and Restaurants. Short drive to Nashville! Home pre-inspected. Selling "As-Is", seller to make no additional repairs. See notes on Home Inspection Summary. Home is priced accordingly! Cash or Conventional loan only.
Source: REALTRACS #2807188
Financials
Source: Public records
Source: REALTRACS #2807188
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.