863 Rock Springs Rd Castalian Springs, TN 37031
Your savings
About this home
Stunning and picturesque retreat in the rolling hills of middle Tennessee. This large home offers ample room from the massive dining room, oversized living room with a stone fireplace and two double doors exiting to your oasis of a large custom deck surrounding an above ground chlorine free pool, all have been impeccably maintained. This home has all of the elegant country charm and comfort with 3 fireplaces and 4 full bathrooms!! Custom kitchen with a new gas stove, abundant cabinets and new countertops will make the chef of the family happy! This home has been beautifully rebuilt from the studs by the owners. There is a large bonus room above the garage with its own HVAC for low energy consumption and comfort. This space is just waiting for your entertaining ideas. Primary suite on the main floor offers a spacious private getaway with custom stone fireplace, his and hers separate vanities, large jetted tub, and separate shower. Upstairs features two very large bedrooms each with their own private bath and a family room with its own fireplace. The crawl space has been completely encapsulated makin it a clean energy efficient environment. The grounds cover nearly two and a half acres of all manicured lawn. Plenty of room for additional out buildings and the two existing out buildings will remain.
Source: REALTRACS #2975543
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.