Charming Alcoa Home with Detached Art Studio + Recent Updates in a Top-Ranked School District! Welcome to 1450 Dalton St in Alcoa, a delightful 3-bedroom, 2-bathroom home that blends character, comfort, and a unique creative retreat. Located in the heart of Alcoa, this community is known for its small-town charm, convenient amenities, and Alcoa City Schools—consistently ranked among the top districts in Tennessee and the Knoxville area for academics and athletics. Stepping inside, you'll love the dining area that welcomes you as you enter the home that flows seamlessly to the cozy living room, creating the ideal setting for family nights or relaxed dinner parties. The kitchen features updated flooring and all appliances convey, including a new dishwasher installed in 2017. The main-level full bath was completed in 2025 and showcases a beautiful tile walk-in shower, along with new faucets on downstairs sinks (2025) for a fresh, modern feel. Upstairs are two generously sized bedrooms and a second full bath with new flooring added in 2022, while additional new flooring in the kitchen, upstairs, and on the stairs was completed in 2024. Comfort and efficiency are boosted by a new hybrid water heater (2022). Step outside onto the deck and enjoy the new handicap-accessible ramp/deck (2025), offering easy access to the backyard. The outdoor space includes a dedicated seating area and a flat grassy yard great for pets, play, or gatherings. Just beyond the deck is the showstopper: a completely detached art studio/she-shed completed in 2022—a peaceful, private space for artists, hobbyists, or work-from-home needs. You'll also find an extra storage unit at the back of property for all your gardening tools! With thoughtful improvements, a creative bonus space, and a location near Alcoa's parks and the Maryville-Alcoa Greenway system, this home is a standout opportunity in one of Blount County's most loved communities.
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.
