Nestled in the charming enclave of Victorian Way, this exquisite end-of-row townhouse embodies the perfect blend of traditional elegance and modern comfort. Completely Finished with upper end charm, this residence offers a sophisticated lifestyle with its thoughtfully designed spaces and high-end finishes, making it an ideal sanctuary for those who appreciate the finer things in life. As you step inside, you are greeted by a warm and inviting atmosphere that flows seamlessly throughout the home. The fully finished basement provides an expansive area for entertainment or relaxation, offering endless possibilities for customization to suit your lifestyle. With three spacious bedrooms, including a luxurious master suite, this home ensures ample space for both privacy and togetherness. The heart of the home is undoubtedly the well-appointed kitchen, where culinary dreams come to life. The open-concept design allows for effortless interaction between the kitchen, dining, and living areas, creating a harmonious flow that is perfect for entertaining. Natural light pours in through the thoughtfully placed windows, enhancing the warm ambiance and highlighting the traditional architectural style that defines this residence. The attention to detail is evident in every corner, from the elegant fixtures to the carefully chosen materials that exude quality and sophistication. Step outside to discover a serene outdoor space that beckons for quiet mornings with coffee or lively evenings under the stars. While there is no pool, the surrounding community offers a peaceful retreat, allowing you to unwind and enjoy the beauty of your surroundings. Located within a well-maintained community, the association fee includes common area maintenance, ensuring that the beauty of Victorian Way is preserved for all residents. This home is not just a place to live; it's a lifestyle choice that offers comfort, elegance, and a sense of belonging. Experience the luxury of modern living in a traditional setting, where every detail has been curated for your enjoyment. This townhouse is more than just a property; it's a place to create lasting memories and embrace the joys of home. Don't miss the opportunity to make this exquisite residence your own.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
