Step through the soaring two-story entry and feel the weight of the world lift from your shoulders. This isn't just another house – it's your story waiting to be written beneath the shade of majestic heritage oaks that have stood sentinel for generations. Picture this: Saturday morning sunlight streaming through stunning Palladian windows, illuminating your two-story great room where memories are made around the warm glow of the fireplace. The main level welcomes you with brand-new luxury vinyl plank flooring that whispers underfoot as you move from room to room, while fresh paint throughout creates the perfect canvas for your life's next chapter. Upstairs, new carpet awaits to cushion your mornings and evenings in tranquil comfort. But it's the thoughtful details that make this home truly special – like the charming brick fence enclosing your private rear yard, a nostalgic nod to craftsmanship that doesn't exist anymore, creating an intimate outdoor retreat perfect for summer barbecues or quiet evening reflection. Brighton Park isn't just a neighborhood; it's a lifestyle choice. Within walking distance, your daily essentials await – morning coffee runs, grocery stops, even dinner out when you don't feel like cooking. You're investing in more than square footage; you're investing in time saved, community connections, and a future rooted in one of Mint Hill's most desirable locations. Two master BR's, 2-story great room & spacious kitchen only the beginning in this beautiful 2-story home! Fenced backyard w/gardens & trees to add to privacy! 2 HVAC units, intercom system & wired for security system! Hardwood floors on main level, beautiful moldings, & kitchen w/ 42" cabinets, desk, double door pantry This is where your forever starts. Schedule your private showing today before someone else writes their story here. Your Brighton Park home awaits – because the best investments aren't just financial, they're emotional.
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.
