591 Spruce Loop, Crossville, TN 38555
3 beds · 2 baths · 1,846 sqft
Pride of ownership shows in this inviting 1,846 sq. ft., 3-bedroom home. Fresh interior paint on all walls, trim and baseboards. The updated multi-level deck, rails, steps and solar lighting around the pool, deck and hot tub adds ambiance to an inviting, relaxing family area. Updates throughout the home show in this 3-bedroom, one-story home that has a 2-car garage, with lots of storage areas both in the home and garage, including a pantry in the kitchen. Floors are in excellent condition—acacia hardwood, oak hardwood, and porcelain ceramic tile. New 5 ½” wide acacia wood flooring was added in 2024. The dining room and living room also have 3” oak hard wood flooring. The back yard extends to white vinyl fencing that surrounds a private back yard. Mature landscaping has tree-lined borders in both the front, back and side yards. Many shrubs, trees and flowers can be found throughout the yard. Should you desire, there is ample area for a garden, as well as plenty of room to add additional plants, trees, flowers and landscaping. Not only is there a large 2-car garage where you can store many necessities, there is also a workshop that has its own air conditioner, as well as a storage shed that has ample shelving. Appliances function well and include a gas range/oven, dishwasher, French door refrigerator/freezer, built-in microwave, as well as a new washer and dryer. Newly updated bonus living areas in 2024 can be whatever you need them to be--currently being used as an office for one, and a music room for the second. New hot water heater installed in 2023. Two new exterior doors installed in 2023. Gas heat, along with a gas fireplace helps to keep you extra cozy in the winter. Back yard also boasts of a large 450 sq. ft. deck that was recently updated. There is also an above-ground swimming pool and a private deck area that invites you to soak in the hot tub. Lots of room for family gatherings, BBQ’s, and a place to call “home”.
Source: REALTRACS #2778989
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2778989
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless closing.
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.
What 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.
MLS ID: #2778989
