702 Shute Ln, Hendersonville, TN 37075
3 beds · 2 baths · 1,724 sqft
Discover the charm and comfort of 702 Shute Ln, a delightful single-family home nestled in the heart of Hendersonville, Tennessee. This inviting residence offers 1,724 square feet of thoughtfully designed living space, featuring three spacious bedrooms and two well-appointed bathrooms, making it an ideal choice for families or individuals seeking a harmonious blend of style and functionality. Upon entering, you're greeted by a warm and welcoming atmosphere that flows seamlessly throughout the home. The living areas are generously sized, providing ample space for relaxation and entertaining. The kitchen, equipped with modern appliances and ample cabinetry, is perfect for preparing meals and hosting gatherings. The master suite serves as a peaceful retreat, complete with an en-suite bathroom that offers both convenience and privacy. The additional bedrooms are equally spacious, accommodating family members or guests with ease. The second bathroom is thoughtfully designed, ensuring comfort for all occupants. Situated on a sizable lot, the property's exterior boasts a well-maintained yard that provides ample space for outdoor activities, gardening, or simply enjoying the serene surroundings. The home's curb appeal is enhanced by its classic architecture and landscaped frontage, reflecting the pride of ownership. Located in the vibrant community of Hendersonville, 702 Shute Ln offers convenient access to a variety of local amenities, including shopping centers, dining establishments, parks, and recreational facilities. More photos to come.
Source: REALTRACS #2810063
Financials
Source: REALTRACS #2810063
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.