5881 Burgess Falls Rd Sparta, TN 38583
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About this home
Welcome to your own private piece of Tennessee countryside — a peaceful and functional mini farm nestled on 8 usable acres in beautiful White County. This property perfectly blends charm, character, and modern efficiency, offering the best of both worlds for anyone dreaming of a slower pace, open space, and self-sufficient living. The classic farmhouse sits proudly on the hill with 4 comfortable bedrooms, 2 full bathrooms, and a flexible bonus room that can be used however you like — home office, playroom, craft space, or even a cozy guest nook. Inside, you’ll find a home that feels inviting and lived in — the kind that instantly feels like “home.” The layout flows easily and offers plenty of natural light, with warm finishes that complement the farmhouse feel. Outside is where this property truly shines. The land is open and usable — 8 acres of opportunity to grow, raise, and create the lifestyle you’ve been dreaming of. There’s an approximately one-acre fenced pasture already set and ready for animals, whether you’re bringing a few horses, goats, or a flock of chickens. A small barn provides convenient storage for equipment and feed, while the detached garage offers additional parking, a workshop area, and a handy storage room off the back. This property also features solar panels, making it an excellent option for anyone interested in efficient, off-grid living or simply lowering energy costs while embracing a more sustainable lifestyle. With plenty of space to garden, room to roam, and modern touches to support a simpler way of life, this mini farm offers freedom and flexibility rarely found so close to town. Tucked away in a peaceful rural setting yet just a short drive to the conveniences of Sparta and the heart of the Upper Cumberland, this farmhouse and acreage combine all the elements that make Tennessee country living so special — charm, functionality, and the chance to truly live the life you’ve imagined.
Source: REALTRACS #3038435
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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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