805 Mount Belvoir Dr, Chattanooga, TN 37412
4 beds · 3 baths · 3,077 sqft
Welcome to your mid-century modern dream home! Your new residence is a haven for the smart and savvy buyer with impeccable style and taste. The current owners have dedicated a lot of time, money and love to make sure that the improvements to this home echo the original aesthetic. Nestled on a large .62-acre lot at the end of a lovely cul-de-sac, your spacious new home offers the perfect blend of seclusion and convenience, being close to both downtown and the Hamilton Place area with shopping, businesses and entertainment, yet feeling wonderfully tucked away. Your stunning home is a testament to mid-century design, featuring original light fixtures, iconic cracked-ice Formica countertops with metal edging, and an original Frigidaire Flair Range among other original and iconic features. The kitchen boasts an iconic Big Chill Refrigerator and ample cabinet space. As you explore, you'll be captivated by the three impressively sized and sweeping fireplaces, two adorned with built-in clocks, adding a touch of vintage charm. The living spaces flow seamlessly from the sunlit living room to the dining room and kitchen, all bathed in natural light. The main level has been tastefully updated with engineered hardwood maple flooring and hand-picked terrazzo-style tile, blending modern convenience with timeless elegance. Step outside to your oversized, private backyard, enclosed by a new fence installed in 2022. This serene space is perfect for cookouts, gatherings with friends, or simply relaxing in the tranquility of your own oasis or create some vintage masterpieces in the downstairs wet bar. The original light fixtures in the dining room, kitchen, foyer, and flex room are true showstoppers, echoing the designs of mid-century greats like Paavo Tynell and Gerald Thurston. Two photographs that stay with the property are of the original owners dancing and socializing with friends is a testament to the joy your future home has brought over the years.
Source: REALTRACS #2683072
Interest rate and monthly payment estimated based on public records.
Source: REALTRACS #2683072
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 45-day close.
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: #2683072
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.