Welcome to 1861 Abington Farms Way in Hixson, TN--an exceptional 5-bedroom, 3.5-bath home designed for modern living, effortless entertaining, and everyday comfort. Located in the desirable Abington Farms community, this beautifully crafted residence blends functional design with stylish finishes and smart home technology. Step inside to discover a thoughtfully designed main level featuring 9-foot ceilings, a formal dining room perfect for hosting, a convenient powder room, and a dedicated laundry space. The open-concept living area seamlessly connects to a chef-inspired kitchen complete with shaker-style cabinetry, solid surface countertops with a 4-inch backsplash, stainless steel Whirlpool appliances, a spacious pantry, and a center island with countertop seating. A bright breakfast nook overlooks the rear patio/pool, creating the ideal space for morning coffee or casual dining while enjoying views of your private backyard retreat. The main-level primary suite offers a peaceful escape with a generous walk-in closet and a private en-suite bath designed for relaxation. Upstairs, you'll find 4 additional bedrooms--all with walk-in closets--sharing a full bath, toi nclude a secondary en suite. Step outside and experience your own backyard oasis featuring an in-ground swimming pool and a vinyl privacy fence--perfect for summer gatherings, entertaining guests, or simply unwinding in a serene setting. Built with quality and efficiency in mind, this home includes features from the Tradition Series such as LED lighting throughout, Mohawk flooring, Moen chrome plumbing fixtures with anti-scald shower valves, architectural shingles, and a connected smart home package for modern convenience. Call now for your private tour! This Hixson home offers the perfect combination of space, style, and location--making it highly desirable for buyers searching for homes with a pool, main-level primary suite, open floor pl
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.
