7931 Hampton Cove Dr, Ooltewah, TN 37363
3 beds · 4 baths · 3,061 sqft
Welcome to your new home: 7931 Hampton Cove Drive, nestled on the perimeter of the gated Hampton Cove neighborhood in the highly sought-after Ooltewah area. This stunning residence showcases high-end details and craftsmanship throughout. Step inside to find beautiful custom wood trim detailing in every room, perfectly complementing the warm hardwood floors and neutral paint palette. The high-end kitchen is a chef's dream, featuring Bosch stainless steel appliances, a full pantry, a gas cooktop with a custom hood, and a spacious layout that flows seamlessly into the breakfast room and keeping room, complete with a cozy fireplace. The master suite is a true retreat, offering a sitting area, private patio, access to the screened porch, a custom walk-in closet, and a luxurious spa-inspired bath. Entertain in style in the formal dining room, adorned with a coffered ceiling, or relax in the two-story family room with its impressive stacked-stone fireplace. Upstairs, you'll find two guest bedrooms, each with walk-in closets, along with a versatile bonus room that can serve as a flex space or fourth bedroom with a convenient half bath. An oversized landing and sitting area, a full bath, and walk-out attic storage complete the upper level. The seller has recently added hardwood floors to the upstairs areas. The outdoor living spaces of this home are nothing short of exceptional. Enjoy the screened porch overlooking a paved patio with a 7x7 saltwater spa featuring eight jets, all smartphone-controlled for ultimate convenience. The backyard also boasts a stone fire pit, an outdoor kitchen area with a built-in gas grill enclosed in stone and topped with granite countertops, beautiful gas lanterns, additional electric lighting, lush landscaping, and a private fenced-in setting. Additional features include an oversized two-car garage with separate doors for added space and a walkout door, as well as an all-brick exterior (recently painted in the stylish ''Shoji White'
Source: REALTRACS #2778829
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2778829
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: #2778829
