Stunning 4-Bedroom, 4-Bathroom Home on 5 Acres in Athens, TN - Perfect for Families, Country Living & Weekend Getaways! INTERIOR PHOTOS ARE COMING!!! Welcome to 211 County Road 249, nestled just outside the city of Athens, TN, where charm meets spacious country living. This one-of-a-kind property offers a gorgeous 4-bedroom, 4-bathroom home set on 5 peaceful acres, with stunning valley views that'll make you feel like you're living in your own personal retreat. Why You'll Love It Here: Extra-Large Master Suite & Second Master Suite: Whether you're looking for peace and quiet or room to stretch out, this home features two master suites—one large enough to be your own sanctuary, and another perfect for guests, in-laws, or anyone who needs a little extra space. Split floor plan for maximum privacy! Finished Basement with Small Apartment: Need more space? The fully finished basement is the ideal solution! It comes with a small apartment, including a kitchenette—great for guests, an in-law suite, or as your personal escape. Perfect for multi-generational living or anyone who needs a bit of quiet time. The unfinished kid's clubhouse is a blank canvas waiting for your imagination! While it may not be move-in ready just yet, it's a fantastic opportunity to create a fun, private space for the little ones—or, let's be honest, it could be your own personal hideaway when you need a quiet moment away from the hustle and bustle. Chicken Coop & Room to Roam: Get back to basics with your very own chicken coop—perfect for fresh eggs or just as a quirky backyard feature. Plus, the 5 acres provide ample room for all your hobbies, from gardening to outdoor entertaining, or simply enjoying the peaceful countryside. Breathtaking Valley Views: Whether you're sipping coffee on the porch or enjoying the sunset from your backyard, the valley views here are incredible. With wide open spaces and a peaceful atmosphere, you'll feel like you're on vacation every day.
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.
