5444 E Robertson Rd, Orlinda, TN 37141
5 beds · 2 baths · 2,170 sqft
Amazing opportunity to own a piece of history with almost 8 acres of flat usable land and a pond! Complete privacy - surrounded by woods on all 4 sides! Main part of the house is original historical log home with a concrete cellar. Home has 3 bedrooms (4 if you count the angled ceiling upstairs) and 2 full bathrooms. Owner suite with private bath and walk in closet is on the first floor. There is an out building approximately 25x40 that had a separate meter and water is already ran. It would make a great income producer if you got it approved as a DADU or Peerspace rental. Meter was pulled for non-use so needs a CEMC inspection to put back. Water runs to building, but winterized so turned off at the building. One side of it has a giant open room and closet with a roughed bathroom and the other side has a roughed in recording studio space inside a large room with a door to a second room. Property has barbed wire fencing in the back. There are about 5 acres of flat pasture with a pond and 2+ acres of wooded areas. If you could purchase the tiny lot on 52 you would have access at 2 points on the main road and Hwy. Currently only owned access is on E Robertson. Property is tree-lined on 3 sides and across from woods so you don't see your neighbors. Perfect paradise with tons of wildlife including turkeys and deer frequenting the yard. There is also a small concrete barn. There is an oversized chicken coop and an Amish built animal enclosure not included, but could be negotiated with acceptable offer. You won't find a more peaceful setting convenient to Portland, Cross Plains, White House, Franklin, Springfield, and 65, but in a quiet setting just outside of it all. The drives and views out here are painting worthy. Come see it to appreciate it. Lastly, it has been winter and we are still de-winterizing and cleaning up so there could be items still around or cleaning to be done which will be finished prior to transfer.
Source: REALTRACS #2805708
Financials
Source: REALTRACS #2805708
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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