Special offer

8412 Stormy Hollow: $100 down! Are you kidding me?

By
Real Estate Agent with Select Realty Professionals

 

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Dramatic and distinctive dining area



Truly a "Great Room"



Create a home around your new hearth



Kitchen open to great room



Jetted tub in owner's suite



Tile detailing in the main floor bath



You won't find details like this in other low down payment homes



Roomy double garage
Description

Have you always wanted to own your own home but didn't think you could afford the down payment? Then you'll love living in and owning this gorgeous East Brainerd home.

Featuring vaulted & tray ceilings, gleaming wood floors & a popular open floor plan. What more can you ask for? How about a jetted tub & separate shower with mosaic tile detailing? Walk-in closets? School zoning for the new East Hamilton Middle & High Schools? Or maybe you'd like to over 2,100 square feet? Light filled rooms and a back deck off the eat-in kitchen?

You can have all of these amenities for a down payment of only $100, and a monthly payment including principle, interest and mortgage insurance of $1,041.96*.

Contact Select Realty Professionals for more information about how you can own this or another HUD-owned home with low down payments through FHA!

Equal Housing Opportunity

*Based on a 30 year loan with an interest rate of 4.375% / 5.097% APR. Purchase price of $187,550 including repair escrow and a loan amount of $191,667. Property taxes and home owner's insurance not included in monthly payment. APR is the total cost of money borrowed including finance charges, loan & origination points, lender fees and some closing fees. For FHA loans with an upfront mortgage insurance premium, this premium is also included in the APR.

Loan information courtesy of Richard Smith, American Acceptance Mortgage, 423-280-0345. American Acceptance Mortgage is not affiliated with Select Realty Professionals.


Features
Bedrooms: 3
Bathrooms: 2.5
Parking Spaces: 4
Year Built: 2008
Subdivision: Stormy Hollow
Lot Size: 79x130
Garage Size: Double
School District: East Hamilton
Square Footage: 2149
Agent Name: Julia Odom
Broker: Select Realty Professionals
MLS #: 1149292

Location
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Julia Odom enjoys long walks on the beach, debating the renovation vs. restoration question and hanging out with home inspectors.

Visit Chattanooga Real Estate News to search homes for sale or view the rest of her blog

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Richard Byron Smith, NMLS #184479
Mortgage Loan Officer, Fairway Independent Mortgage Corporation NMLS #2289 - Chattanooga, TN
Mortgage Loan Officer

That home is a nice HUD owned property. What a bargain! and $100 down. Plus a terrific location. Wow.

Jul 07, 2010 02:47 PM
Connie Lou Barnett
Real Living/Home Realty - Owensboro, KY
GRI,CRS,CRB,SRMM,ARA,PRS,SFR,QSC

Hi Julie,

     This sounds like a deal!  Is the builder buying down the rate, paying closing cost etc??

Connie Lou

Jul 08, 2010 02:40 AM
Julia Odom
Select Realty Professionals - Chattanooga, TN
Chattanooga Homes for Sale

@Connie Lou: Believe it or not, this is a HUD house. It's a typical 1% origination fee FHA mortgage. Seller pays 3% toward closing costs and HUD has a $100 down payment program in TN right now. Most owner occupants would be able to buy this house with little or nothing more than their $1,000 earnest money.

No closing fee from the title company, no charge for the appraisal (it's already been done).

If you can find one (and don't get out bid!) this is an absolutely fabulous program.

Jul 08, 2010 03:55 AM
Anonymous
LAUGHING OUT LOUD!!!!!

This home has 40,000 dollars worth of damage due to the 12 inches of water underneath the house!!!!  Floors are buckled and the nails are coming out from the walls.  Bluegill BUILT CRAP and Buddy backed him.... WOW!!!!

Apr 03, 2011 01:35 PM
#4
Julia Odom
Select Realty Professionals - Chattanooga, TN
Chattanooga Homes for Sale

@LOL, did you buy this home? If so, did you have it inspected? Just curious...

Apr 09, 2011 09:42 AM