190 Cascade Dr, Winchester, TN 37398
4 beds · 4 baths · 3,515 sqft
Experience resort-style living with a state-of-the-art pool (installed last year!) as the centerpiece of this remarkable 4-bedroom, 3.5-bath home. The pool area is designed for enjoyment, featuring fire bowls, a slide, water features, and customizable lighting—all controlled via an app. Inside, elegant touches abound, with hardwood floors, plantation shutters, and custom wood molding enhancing the main living spaces. The layout offers privacy, with a spacious primary suite that includes trey ceilings, a custom double vanity, a jetted tub, a walk-in shower, a private water closet, and an expansive walk-in closet. Two additional bedrooms on the main level share a Jack-and-Jill bathroom. The living room centers around a cozy fireplace, while a dedicated office adds functionality for remote work or study. Upstairs, a versatile bonus room serves as a fourth bedroom or extra living space, complete with its own full bathroom. Practical details elevate this home, including a whole-house vacuum system, a laundry room with cabinetry and a sink, and dual A/C units for year-round comfort. With a detached two-car garage (bring your electric car! 400amp service), this home combines luxury with thoughtful features, ready for both relaxation and everyday living. An added bonus to this exceptional home is its assumable VA loan at 2.75%, offering qualified buyers the chance to step into favorable terms and potentially lower interest rates. Seller recognizes the need for a new roof replacement within the next 5 years, therefore is offering $10,000 towards closing costs.
Source: REALTRACS #2759495
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2759495
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.
