121 Avalon Ln, Big Rock, TN 37023
4 beds · 3 baths · 2,766 sqft
2.58-acres with no backyard neighbors, this distinctive 4-bedroom, 2.5-bathroom home blends rustic charm with modern comforts. The property offers a serene country setting while remaining close to local amenities. A standout feature is part of the first floor, which includes original wood from the home's former log cabin structure, adding warmth and character. The kitchen boasts a beautiful island with a wood top imported from South Africa, and a cozy wood-burning stove in the dining area which enhances the home's inviting atmosphere. Upstairs, you will find all four spacious bedrooms, including an expansive master suite with large walk-in closets. With the convenience of the upstairs deck, the bedroom next to the master suite could be turned into an office/den/game room. Downstairs, the oversized living room is perfect for entertaining, wired for surround sound, and offers ample space for relaxation. Enjoy the tranquility of the outdoors from the covered porches or balcony overlooking the backyard, ideal for taking in the natural beauty of the property. A four-bay garage with a full bathroom and separate HVAC system offers additional flexibility for your workshop, storage, or even to park your fishing boat. With its blend of privacy, character, and modern amenities, this home provides a unique opportunity to own a property that combines the best of both worlds. You have peace of mind with the house and garage roof being only 1 yr old. Schedule your showing today!
Source: REALTRACS #2773001
Source: REALTRACS #2773001
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.
