WELCOME TO THE FARMHOUSE LIFESTYLE IN HENDERSONVILLE! If you have been dreaming of wide-open spaces, historic charm, and a property that offers both deep soul and unlimited potential, your search ends at 100 Cannon Drive. Tucked back privately from the street on a gorgeous, level 0.74-acre corner lot, this iconic 1910 farmhouse delivers the perfect blend of nostalgic character and functional modern updates. From the moment you pull up the driveway, this home invites you to slow down. Step inside to find an interior brimming with architectural personality. The family room immediately sets a cozy tone with its rich wood ceilings and a magnificent wood-burning stove. Original hardwood floors flow gracefully through the main level, leading you into a kitchen designed to be the true heart of the home. You will love the beautiful, character-rich brick floors! The main level plays host to a formal dining room, a 2nd family room, and two bedrooms. The main level bathroom feels like a historic retreat, showcasing classic tile work, warm wood ceilings, and a timeless clawfoot tub. Head upstairs to discover two additional bedrooms separated by a flex space and a full bath all boasting freshly updated flooring. The lifestyle upgrade continues outside, where your 0.74-acre property gives you room to breathe, garden, and play. With a Screened Sun Porch overlooking the patio, the Expansive Yard loaded with privacy, and the two car detached garage featuring an attached workshop. Nestled in the quiet Cannon Woods community, you get the peace of a tucked-away homestead with the incredible convenience of Hendersonville living. You are just a short drive from local schools (Clear Creek Elementary, Hendersonville Middle, and High School), vibrant downtown shopping, local breweries, and world-class mountain hiking. With city water, a durable metal roof, and an expansive 4-bedroom layout, this historic site-built home is ready for its next chapter. Bring your design ideas, your hobbies, and your dream. This farmhouse is not just a place to live, it’s a place to thrive. Schedule your tour today and experience the charm for yourself!
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
