116 Huntington Dr Crossville, TN 38558
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About this home
Seller has an assumable VA loan currently 3.68% and if your working with a Veteran or a non Veteran and they qualify to assume the loan they can take advantage of this great rate! The assumption must go through where the current loan is serviced and typically a 30-45 day close . 116 Huntington is centrally situated in the Trent Subdivision, an established neighborhood with underground utilities in Fairfield Glade. The location offers convenient walking access to the CMC Wellness Facility, Tennis/Pickleball Courts, Indoor Pool, and the Glade Shopping Mall Area, all interconnected by paved walking trails. This three-bedroom residence boasts several recent updates, including modern kitchen appliances, accessible showers in both the master and second bathrooms, a new heating and air system installed in 2023, and exterior painting completed in 2022. The property features professional landscaping that enhances the yard's aesthetics, with perennial flowers blossoming in springtime. The rear deck provides ample space for outdoor cookouts or morning coffee while planning your day. Additionally, the home includes a four-season room at the back, measuring slightly over 200 square feet, which can be easily heated with a natural gas connection. This home is the modified Cambridge model floor-plan. UPDATE: ......New water heater installed this Summer 2025
Source: REALTRACS #2967622
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FAQs
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.
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.
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.
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.
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 “Save search” 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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.