1924 Bay Pointe Dr Hixson, TN 37343
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About this home
Lake side living in Hixson! Stunning 4 BED, 4 BATH home sits on an oversized lot. Walk to Bay Pointe Estates community pool, tennis courts, and Chickamauga Lake. Zoned for award-winning Big Ridge Elementary, this home hosts incredible outdoor and indoor living spaces. The updated interior features hardwood floors, open layout, and cozy fireplace. Main level includes a bright kitchen and breakfast nook that flows seamlessly onto a spacious deck and SCREENED PORCH, perfect for entertaining with views of the wooded backdrop. The main level is complete with a formal dining room, powder room, laundry area, and HOME OFFICE! Upstairs, the primary suite is a true retreat with a large soaking tub, dual vanities, and walk-in closet. Additional 3 bedrooms provide space for guests. FINISHED BASEMENT offers even more versatility with its own full bath, living area, kitchenette, and flex room. Outdoor living shines with multiple porches, fountain, large yard with mature landscaping, and room to enjoy every season. The sought-after Bay Pointe Estates community provides resort-style amenities (private trail from your backyard) including a POOL, tennis courts, and basketball courts. Only 5 minutes from Big Ridge Yacht Club MARINA and Chickamauga Lake, with shopping, dining, and downtown Chattanooga all within easy reach. 7 minutes to Greenway Farms, a 200+ acre public protected green space for hiking, biking, paddling, and a dog park. Bay Pointe Drive blends comfort, convenience, and the best of Tennessee's natural beauty - schedule your private showing today! (Buyer to verify square footage. Some images may be virtually staged. Buyer is responsible for doing their due diligence to verify that all information is correct, accurate, and for obtaining any and all restrictions for the property deemed important to Buyer.)
Source: REALTRACS #3002556
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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.
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