2607 Hope Valley Trl Chattanooga, TN 37421
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About this home
Welcome home to this beautiful 3-bedroom, 1-bath home in the heart of East Brainerd! This isn't just a house; it's a well cared-for home that has been lovingly updated over the years making it perfectly ready for its next owners to cherish. As you step inside, discover an inviting atmosphere. From the dine in kitchen to the cozy living room, this home has so much to offer. The laundry room is waterproofed and has quiet comfort insulation. The roof is only five years old and gutters were installed this June! The HVAC was installed in October 2024 and serviced in July 2025! Currently featuring two comfortable bedrooms and one full bathroom upstairs. One bedroom and access to plumbing for a second bathroom downstairs; this provides an opportunity to expand and customize the space to your liking. Whether you envision an en suite bathroom in a spacious primary suite, or a dedicated recreation area. Exterior access is through a custom Anderson door with a keyed entry and foot lock that has direct access to this room from the exterior, there is a world of opportunity. One of the standout features is the spiral staircase, adding a timeless touch of character and architectural interest. When you step outside, you are greeted with a true gardener's paradise! The vibrant, well-established garden is a highlight of this property, boasting a stunning array of colorful flowers and bountiful vegetables. This home truly offers so many features and has the best of both worlds: a peaceful retreat with the convenience of being close to everything. *Photos have been virtually staged.
Source: REALTRACS #2963465
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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.