Trousdale County, Tennessee
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1 Platform, 6 Refinance Alerts
01
Alert for Lower Rates
02
Alert for Cash Out
03
Alert for Shorter Term
04
Alert for Eliminating PMI
05
Alert for Product Changes
06
Alert for Changes in Home Value
Trousdale Real Estate Market Update
The real estate market in Trousdale County, Tennessee, is currently characterized as a seller's market, with a median home sold price of $325,000 as of October 2024. This represents a 4.4% decrease from the previous year, with the median price per square foot at $210. Despite the drop in prices, the market remains competitive, with homes selling relatively quickly.
Hartsville is the primary city in Trousdale County, serving as the county seat and the main hub of activity. The population of Hartsville is approximately 2,500 residents, making it a small but significant community within the county. The town is known for its local charm and serves as the central point for commerce and government activities in the area.
Living in Trousdale County offers a mix of rural and suburban lifestyles, with a significant emphasis on agriculture and farming. The county's economy is supported by industries such as agriculture, manufacturing, and retail trade. People are drawn to Trousdale County for its peaceful rural environment, affordable housing options, and the opportunity to live in a close-knit community while still being within reach of larger cities for additional amenities and employment opportunities.
2025 Mortgage Loan Limits:
Trousdale County, Tennessee
1 Unit
$989,000
Conforming Loans
$989,000
FHA Loans
2 Unit
$1,266,100
Conforming Loans
$1,266,100
FHA Loans
3 Unit
$1,530,450
Conforming Loans
$1,530,450
FHA Loans
4 Unit
$1,901,950
Conforming Loans
$1,901,950
FHA Loans
Questions About Refinancing in
Trousdale County
What is mortgage refinancing?
Refinancing is the process of replacing your current mortgage with a new one, often to secure a lower interest rate or change the loan terms.When should I consider refinancing?
Consider refinancing when interest rates drop, your credit score improves, or you want to switch from an adjustable-rate to a fixed-rate mortgage.How much does it cost to refinance?
Refinancing costs typically range from 2% to 5% of the loan amount, including closing fees, appraisal, and title fees.How long does the refinancing process take?
The refinancing process usually takes between 30 to 45 days, but this can vary based on lender efficiency and document preparation.What are the benefits of refinancing?
Refinancing can lower your monthly payments, reduce interest rates, shorten loan terms, or allow you to tap into home equity.What is cash-out refinancing?
Cash-out refinancing allows you to take out a new loan for more than your current mortgage balance and receive the difference in cash.Will refinancing hurt my credit?
Refinancing may cause a temporary dip in your credit score due to the hard inquiry, but the impact is usually minor and short-term.Can I refinance with bad credit?
It may be harder to qualify, but some lenders offer refinancing options for people with lower credit scores, though they often come with higher interest rates.How much equity do I need to refinance?
Most lenders require you to have at least 20% equity in your home to qualify for refinancing, though some programs may allow for lower equity percentages.Is it possible to refinance a rental property?
Yes, you can refinance an investment or rental property, though the terms and interest rates may be different compared to refinancing a primary residence.
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