This beautiful custom 4,900+/- sq ft home on a 2 acre wooded lot, nestled on Sweetwater Ridge & offering breathtaking views of Sweetwater Valley also boasts an unbeatable location just 30 minutes from the Cherokee National Forest & 4 miles from I75. This spacious property features 4-5 bedrooms, providing flexibility for growing families, guests, & office space. Warmth & character are reflected by multiple reclaimed features including a stunning hand-laid antique brick floor, wide-plank wood floors from New England, a 200 year old wood beam mantle, & reclaimed barnwood beams. Charming wood burning fireplaces in the main living area & the master bedroom add warmth & ambience on chilly nights. The fully renovated primary suite is a true retreat, featuring an AMAZING spa-like bathroom with a large walk-in shower with linear drain, jetted & heated soaker tub, & eco-friendly tankless heating at the vanity for added comfort. The kitchen & living spaces shine with mostly new appliances, & a custom butler's pantry with pallet wood detailing. Storage is abundant with added built-ins in three walk-in bedroom closets & attic storage above the garage. A convenient laundry chute in the linen closet drops right next to the washer & dryer from upstairs. A full unfinished basement adds additional storage & future expansion! Enjoy peaceful mornings & stunning sunsets on the screened-in porch with a beautiful tongue-and-groove ceiling to take in the views year-round. Recent exterior improvements include a new driveway with adjoining wall, sidewalk & patio, all-new landscaping, & underground rainwater management. Inside, you'll find fresh paint, updated lighting & plumbing fixtures. A beautiful laundry room with a large utility sink perfect for pets, & an updated half bath. Outdoor living features a 12x24 above-ground pool & a 12x24 Amish-built shed for extra storage. This home is meticulously maintained, truly move-in ready & designed for comfortable, modern, country living.
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.
