A seamless blend of modern luxury and effortless accessibility in the heart of Midlothian. Welcome to this exceptional single-level 2 bedroom, 2 bathroom suite, the only unit in the building meticulously designed to be fully ADA-compliant. This residence offers true maintenance-free living with a focus on comfort and convenience. Experience a lifestyle of total independence in this suite where every detail promotes ease of movement and comfort. The open concept interior is bathed in a warm glow from recessed lighting, while a sophisticated gas fireplace serves as the centerpiece for cozy evenings. Culinary enthusiasts will appreciate the kitchen's spacious working island, which provides ample room for meal preparation and social gatherings. Large windows invite natural light to fill the living spaces, leading out to a private balcony perfect for morning coffee or evening relaxation. The primary suite is a serene sanctuary, featuring a bathroom equipped with a sturdy grab rail and an expansive shower with a convenient built-in seat. Security and peace of mind are paramount here, with secured building access ensuring a private retreat. Life at Westwood Village extends far beyond your front door. Residents enjoy secured access and an incredible array of community amenities. Spend your summers at the pools, stay active on the basketball and tennis courts, or host gatherings in the picnic area and playground. The HOA handles all exterior maintenance, giving you more time to enjoy community events and the vibrant local scene. Perfectly situated near Midlothian’s premier shopping, dining, and parks, this home offers a lifestyle of total independence and leisure. Experience the perfect balance of style and functionality in this rare, move-in-ready gem. Come see how this thoughtfully designed home can elevate your daily living by scheduling your private tour today!
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.
