9564 Rookwood Cir Ooltewah, TN 37363
Your savings
About this home
Nestled in the desirable Downing Green Subdivision, this stunning home offers the perfect blend of space, comfort, and charm. With nearly 2,819 square feet, it features 5 bedrooms and 3.5 baths, giving you plenty of room for everyone to spread out and enjoy. Step inside and you'll immediately notice the graceful archways connecting the living area to the dining room, and kitchen — an open layout that's ideal for both everyday living and entertaining. The kitchen is complete with granite countertops, stainless steel appliances, and abundant cabinet space. Just off the kitchen the current homeowner added a sunroom addition that gives you even more flexibility for a cozy lounge, home gym, or hobby room. The primary suite on the main level offers convenience and relaxation, featuring an ensuite bath with dual vanities, a jetted soaking tub, and a separate tiled shower. Upstairs, you'll find four additional bedrooms, perfect for family, guests, or a home office setup plus two full baths. The fully fenced backyard with patio area provides privacy and space to play or garden. An additional parking pad has been added as well. Enjoy neighborhood sidewalks for leisurely strolls and a community pool for warm summer days — all part of the Downing Green lifestyle. Don't miss your chance to call this one your dream home!
Source: REALTRACS #3017291
Loan details
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.