3424 Glendon Dr, Chattanooga, TN 37411
4 beds · 5 baths · 4,649 sqft
Tudor lovers rejoice! Beautiful 4 bed, 4.5 bath home over a full daylight basement with tons of character and meticulous improvements in the desirable and convenient Glendon Place neighborhood close to schools, shopping, restaurants, hospitals and downtown Chattanooga. The home is situated on a corner lot and exudes curb appeal with its distinctive style and lush landscaping. Elegant yet exceedingly comfortable, this traditional home boasts formal and informal living spaces, wonderful wood windows and French doors, crown moldings, multiple arched doorways, hardwoods and tile, decorative lighting and more. The main level features a spacious foyer with access to the living room on the left and formal dining room on the right. The living room is spacious and has a gas fireplace and French doors to the sunroom and an enlarged doorways to the office. The office has handsome wood paneling and adjoins the sunroom. The sunroom will quickly become a favorite spot in the house with its wonderful morning light. The formal dining room is large enough for all your family heirlooms and adjoins the breakfast room and kitchen. The kitchen has granite countertops, glass tile backsplash, beamed ceiling, an arched brick alcove with a gas cooktop and under counter convection oven, pull-out drawers and access to the side patio with original built-in stone grill/fireplace. A hallway off the foyer has a powder room with terracotta tile and a pedestal sink and leads to a fabulous family/rec room with the original terrazzo floor, oversized windows on 3 sides, beamed ceiling and a pool table for your sporting pleasure. Head upstairs where you will find the primary suite which includes the bedroom with an arched doorway to a sitting room and the primary bath with a marble vanity and an air jetted tub/shower combo with marble tile surround. There are also 2 additional bedrooms which share the use of the hall bath which has a separate shower with slate tile and glass.
Source: REALTRACS #2810361
Financials
Source: REALTRACS #2810361
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.
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