2290 Red Tail Ln Chattanooga, TN 37421
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About this home
Welcome to your dream home in the heart of East Brainerd! This beautifully updated residence has been meticulously enhanced from top to bottom with thoughtful upgrades designed for comfort, convenience, and modern living. Featuring 6 bedrooms and a flexspace, home office, 4 full baths, and countless high-end updates, this home truly has it all. Perfect for all family dynamics with 2 bedrooms main level, 3 bedrooms on the second floor and 1 bedroom and flex room or 7th bedroom in the walk out basement. Step inside to find new flooring, a completely renovated main kitchen, and updated lighting throughout — including LED can lights with dimmer switches and USB combo outlets in all the right places. The laundry room now offers custom cabinetry and shelving, while wired high-speed internet and an installed gigabit switch hub ensure seamless connectivity in every major room. Enjoy the peace of mind of new Ecobee smart HVAC controllers, a tankless water heater, low-noise garage door openers, and an EV charger in the lower garage. Every detail has been considered — from ultra-quiet bathroom vent fans and upgraded faucets to new flush valve systems and added LED lighting in the garage. The outdoor space is just as impressive! Relax or entertain on your new Trex deck with drainage system, enjoy the built-in playground and trampoline (included!), or take advantage of the Wi-Fi-enabled irrigation system with a separate water meter. Additional perks include roof and HVAC replacements, built-in closet organizers, surround sound wiring (theater and exterior zones), and even a 47-cubic-foot safe that stays with the home. Additionally, this home is in the county only and has an amazing basement space that can be used as a mother-in-law suite or whatever you can imagine. With every major system and feature upgraded since 2020, this is a truly move-in-ready home that blends modern efficiency with comfort and style.
Source: REALTRACS #3015138
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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.