Rare space, flexibility, and privacy just minutes from Hendersonville and Flat Rock. Set on nearly one private creekfront acre in the desirable Woodhaven community, 4005 Little River Road offers the kind of usable space and flexible floor plan that is increasingly hard to find in this price range. With more than 4,100 heated square feet, this full-brick home is ideal for buyers needing main-level living, guest space, work-from-home options, hobby areas, extended-family accommodations, or simply room to spread out. The main level features hardwood floors, an open living area with gas-log fireplace, formal dining, a generous kitchen with pantry, breakfast bar, abundant cabinetry, and a sunny breakfast area overlooking the peaceful rear setting. The private main-level primary suite, full bath, laundry room, and den/office create a comfortable everyday living layout. Upstairs offers two bedrooms, a full bath, and additional flexible areas that work well for guests, office space, reading nooks, or hobby use. The home is served by a 3-bedroom septic system, so additional rooms are best described and used as bonus, office, guest, recreation, or flex spaces. The finished walk-out lower level is the feature that truly sets this home apart. With a large recreation/living area, full bath, two bonus rooms, second kitchen, interior and exterior access, and a separate entrance, this level offers exceptional flexibility for extended family, long-term guests, private work space, entertaining, or multi-generational living. Outside, enjoy a covered front porch, rear deck, wooded privacy, fenced areas, and the sound of the creek along the back of the property. Additional highlights include city water, natural gas, wired internet availability, oversized two-car garage with workshop space, paved public road access, and low HOA dues of only $50 per year. For buyers seeking real space, privacy, and flexible living close to downtown Hendersonville, Flat Rock, shopping, dining, and everyday conveniences, this home deserves a closer look.
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.
