222 Preacher Roberson Rd Castalian Springs, TN 37031
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About this home
Nestled on a peaceful, no-throughway street perfect for families, this rural residential property offers exceptional privacy and seclusion surrounded by natural beauty. Enter the home on a private 300-foot driveway over a private road leads you to a serene setting where wildlife and hunting opportunities abound. The land features a creek that flows for most of the year, a small pond, and a full-yard fence ideal for farm animals—dogs, goats, pigs, horses, cows, and even roosters. Thoughtfully designed for sustainable living, the home is powered by 14-kilowatt solar panels with a whole-house battery backup and four dedicated circuits under a 10-year manufacturer warranty. The property combines function and charm with modern updates and historical character, including a dry stack wall and lush fruit-bearing apple, pear, almond, and peach trees, along with berry bushes planted just a few years ago. Gutters drain underground, and the property maintains its greenbelt status for agricultural flexibility. A sturdy 50x30 greenhouse provides year-round growing potential, while a 50-amp RV hookup adds versatility for guests or travel enthusiasts. With HVAC, water heater, and roof all updated in 2021, plus an extra-large crawlspace (13x8) that could serve as an unfinished basement and a possible second perc site, this peaceful retreat blends modern efficiency with country living at its finest.1% lender credit with use of preferred lender.
Source: REALTRACS #3015655
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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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