10065 Sparta Hwy, Crossville, TN 38572
3 beds · 3 baths · 1,953 sqft
Sitting on 2 acres, this newly renovated 1993 square foot home offers a private oasis away from the hustle and bustle. Featuring three spacious bedrooms, three full baths, and a flex room perfect for a home office or additional living space, this home is designed for both functionality and style. Inside, you’ll find a fully remodeled kitchen with all new appliances, soaring 20-foot ceilings, and brand-new luxury laminate flooring throughout. Fresh modern paint, new windows, doors, and vinyl siding enhance the home’s contemporary appeal. A new roof with and a high-efficiency HVAC system provide long-lasting comfort and durability. Step outside to the expansive balcony- perfect for relaxing, entertaining, or enjoying the view. Whether you’re hosting gatherings or just unwinding, multiple outdoor spaces offer endless possibilities. This home also features a spacious attached garage ideal for multiple vehicles, extra storage, or a workshop. Conveniently located just minutes from downtown Crossville, this home offers easy access to local amenities. Don’t miss out on this incredible combination of convenience and comfort, schedule your private tour today!
Source: REALTRACS #2808525
Financials
Source: REALTRACS #2808525
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.