This beautiful end unit townhome offers move-in ready amenities and updates. From the all brick exterior, to the rear deck and main level covered patio, this home is exceptional in every way. The deck and patio overlook forested common areas that offer community walking trails and mature landscaping. Step through the front door and you'll find yourself in an expansive foyer complete with tile floors, two storage closets and access to the attached 1-car garage. The main level features a convenient half bath and a sunken family room with 10-foot-tall ceilings and French doors to the rear covered patio. Moving to the 2nd level you arrive at the homes sunken living room featuring hardwood floors, 10-foot ceilings, and beautiful circle-top windows that flood the space with afternoon sunlight. Adjacent to the living room the homes open floor plan extends to the spacious dining area, breakfast area and custom kitchen. The open floor plan allows for a variety of uses if two dining spaces are not needed. The kitchen offers upgraded cabinets, modern black Corian counters, updated appliances, tile backsplash, recessed lighting and a center island complete with built-in storage and display shelving. This floor plan is perfect for entertaining. Adjacent to the kitchen you'll find French doors that lead to the private 12x14 rear deck, perfect for summer grilling and outdoor dining. Heading to the 3rd level you'll find a convenient bedroom level laundry complete with washer and dryer. There are two primary suites on this level, each offering spacious closet space, private full deluxe bathrooms and sizable bedroom living space. The main suite features vaulted ceilings, his/her closets, and a private bath complete with skylight, tile walk-in shower and separate soaking tub. The community features plenty of amenities including paved and lite walking trails, community parks, playgrounds, club house, in-ground swimming pool, tennis courts and more. The community landscaping creates a unique feeling with separation between clusters of townhomes, allowing one to achieve privacy where other communities do not. This home is move-in ready and eagerly awaits its new occupants.
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.
