620 Mountain Wood Dr, Hixson, TN 37343
4 beds · 2 baths · 1,749 sqft
Hidden Gem in Hixson - Move-In Ready with Extensive Updates! Discover 620 Mountain Wood Dr, a hidden gem nestled in the serene Mountain Wood neighborhood of Hixson. This beautifully updated 4-bedroom, 2-bath single-family home, built in 1970, offers 1,749 sq. ft. of comfortable living space on a sprawling (approx.) 1.8-acre lot, providing both privacy and endless possibilities. Move-in ready and recently redone inside and out, this home blends classic charm with modern convenience. Over the last five years, the home has undergone extensive renovations, including: ✔ New siding and windows for enhanced curb appeal and energy efficiency ✔ Enlarged and new deck featuring composite decking for low-maintenance outdoor enjoyment ✔ New interior doors throughout, plus a new door leading to the deck ✔ Waterproof and pet-friendly LVP flooring installed throughout the entire home ✔ Built-ins added in the living room and den for all your storage needs ✔ Both bathrooms remodeled, including new toilets, sinks, and tub or shower ✔ Kitchen fully remodeled ✔ Entryway updated with new stair treads, risers, and railings Additionally, in the last two years, the exterior stucco has been freshly painted, and the dishwasher has been replaced. Most recently, a new garage door opener and microwave were added to complete this home's modern upgrades. The functional layout includes a family room, dining area, and a den or office space, providing flexible options to suit your lifestyle. Step outside to enjoy the patio area, thoughtfully designed with tin underpinning from the deck to keep the rain off and provide a comfortable outdoor retreat. Designed for both comfort and functionality, this home offers ample storage, a central heating system, and an expansive lot—perfect for gardening, recreation, or future expansion.
Source: REALTRACS #2807169
Financials
Source: Public records
Source: REALTRACS #2807169
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.