150 Ridgeview Ln, Birchwood, TN 37308
3 beds · 2 baths · 1,800 sqft
Explore the charm of 150 Ridgeview Lane in Birchwood, TN. This delightful residence offers 1800 square feet of living space, featuring 1200 square feet on the main level complemented by a fully finished 600 square foot basement. The open floor plan enhances the sense of space, ideal for modern living and entertaining. With three bedrooms and two full bathrooms, this home offers comfort and convenience for the whole family. The kitchen is a standout feature, showcasing beautiful wood cabinets that provide ample storage space. Recessed lighting throughout and ceiling fans in the bedrooms add both style and functionality. Step outside to enjoy the covered upper front porch, accessible from the living room - an ideal spot for your morning coffee or evening relaxation. The back deck is perfect for grilling and outdoor gatherings with friends and family. Recent updates make this property even more appealing. A new roof was installed in March 2024, ensuring peace of mind for years to come. Additionally, a new 12x20 storage building was added in 2023, offering extra space for all your belongings. Other notable features include a water heater that's only five years old and poured walls for added structural integrity. One of the property's highlights is its stunning mountain views, providing a picturesque backdrop for your daily life. Nature lovers will appreciate being less than a mile from the Hiwassee River, perfect for outdoor activities and scenic walks. This Birchwood gem is ready for its new owners. Don't miss the opportunity to make this house your home!
Source: REALTRACS #2784050
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2784050
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.
