1112 Sunset Dr, Signal Mountain, TN 37377
3 beds · 2 baths · 2,408 sqft
Discover a one-of-a-kind log cabin retreat in the highly sought-after Signal Mountain school district. This warm and inviting home offers the perfect blend of peaceful mountain living with the convenience of being just minutes from Downtown Chattanooga and the Northshore. Inside, the open floor plan creates a seamless flow between the living spaces, enhanced by vaulted ceilings and an abundance of natural light. Recent updates make this home both stylish and functional, including an upgraded kitchen, new HVAC, new wood flooring upstairs, and a freshly refinished back deck—the perfect spot to take in the stunning mountain views. The main level features two bedrooms, one with direct access to the large deck, a full bathroom, a spacious living room, and a dining area that also opens to the deck—ideal for indoor-outdoor entertaining. Upstairs, the loft-style movie theater provides a cozy space to unwind, while the primary suite offers a private retreat with a walk-in closet, jetted tub, and large windows framing the scenic views. A full basement with an oversized two-car garage offers plenty of storage, along with potential to be finished for additional living space or a dedicated workshop. For those who love to travel, the home is also equipped with full RV hookups. Parking is easy with two separate driveways—a circular driveway in the front for guests and an additional driveway leading to the basement garage. This is your chance to own a true mountain sanctuary—schedule your private showing today!
Source: REALTRACS #2785606
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2785606
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.
