Welcome Home! This beautifully maintained ranch-style home blends classic charm with modern updates, offering a perfect sanctuary at end of cul-de-sac and quiet wooded back yard. From the moment you pull into the driveway you'll notice the striking blue siding complemented by a warm brick accent front and elegant arched windows. Step inside to discover a bright and airy living space featuring gorgeous wide-plank LVP flooring and a fresh, neutral color palette that flows throughout the home with a dedicated dining and stylish globe chandelier. The heart of the home boasts crisp white cabinetry, sleek granite countertops, and premium stainless steel appliances. The peninsula offers extra prep space and casual seating, perfect for morning coffee. Relax by the cozy, brick fireplace in a living room filled with natural light from oversized windows. The primary bedroom features soaring ceilings and unique octagonal accent windows, creating a peaceful retreat. The ensuite bath is a showstopper with a dual vanity featuring black granite, chic arched mirrors, and a custom-tiled walk-in shower with subway tile and Hexagon-tile flooring. Enjoy the beauty of the outdoors year-round in the stunning vaulted sunroom, surrounded by walls of glass looking out onto the private backyard. The flat, fenced-in lawn is shaded by mature trees and features a fire pit area, ideal for weekend gatherings and entertaining. Features an attached two-car garage just 10 miles to downtown Charlotte where you will find endless amenities with dining and entertainment. Don’t miss your chance to own this move-in-ready gem and experience the perfect mix of style, comfort, and Charlotte charm!
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.
