6502 Pleasant Ridge Rd Sparta, TN 38583
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About this home
Spacious One-Story Home with Mountain Views on 49.15 Acres Set on 49+ private acres, this stunning home combines open living with breathtaking mountain views. The main level boasts an open-concept design with vaulted ceilings, 2 bedrooms, and 2 full baths. The primary suite is a true retreat, featuring a custom tile walk-in shower and an expansive walk-in closet. Step outside to the back deck and take in year-round panoramic views. The finished lower level expands your living options with a bedroom, full bath, large great room, and two hidden rooms perfect for storage or creative use. Multiple bonus rooms offer flexible space for a home office, hobbies, or guest accommodations. Additional features include: One-car garage at basement level Detached 2-car garage/workshop plus outbuilding 49.15 acres of privacy and scenic beauty This property provides the perfect blend of function, privacy, and natural beauty—an incredible opportunity to own your own mountain-view retreat.
Source: REALTRACS #2985347
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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.