5 Acres with NO HOA + Garage Apartment – Private Hendersonville Retreat with Mountain Views. Welcome to a rare opportunity to enjoy space, privacy, and flexibility in beautiful Henderson County. Situated on 4.76 unrestricted acres with no HOA, this property offers the freedom to live the lifestyle you want—whether that means gardening, enjoying outdoor recreation, or simply appreciating the quiet of your own land. The home features 3 bedrooms and 3 bathrooms with approximately 2,647 square feet of living space, offering comfortable living areas and thoughtful functionality throughout. Inside, you'll find multiple living spaces perfect for relaxing or entertaining, including a welcoming living room, an additional gathering area centered around a cozy pellet stove, and a bright sunroom filled with natural light. The kitchen features solid wood cabinetry, stainless appliances, and generous storage, making it both practical and inviting. Large windows throughout the home allow natural light to fill the living areas while showcasing the peaceful natural surroundings. One of the standout features of this property is the detached two-car garage with a full apartment above. This separate living space creates exceptional versatility and opportunity. Whether used as a rental unit for additional income, a guest apartment, private home office, or multi-generational living space, the possibilities are endless. Outside, the property truly shines. The nearly five-acre parcel offers privacy, mountain views, mature trees, and even a small stream, creating a peaceful natural setting just minutes from town. The large deck provides the perfect space for entertaining, outdoor dining, or simply enjoying the quiet surroundings. Additional features include a metal roof, partial basement for storage, and ample parking for vehicles, equipment, or recreational toys. Properties offering this combination of acreage, privacy, income potential, and freedom from HOA restrictions are increasingly hard to find in Henderson County. Whether you're looking for a private residence with room to spread out, a property with income potential, or a home that offers flexibility for guests or extended family, 623 Owensby Road delivers space, opportunity, and value all in one property.
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.
