Welcome home to this spacious four-bedroom, three-and-a-half-bath stucco traditional featuring a desirable three-car garage, a level fenced backyard, and a thoughtfully designed floor plan offering generous living space and exceptional functionality. From the moment you enter, you're welcomed by a stunning double butterfly staircase accented with elegant wrought-iron spindles, creating a grand first impression. The front flex room showcases brand-new carpet and is ideal as a home office, library, music room, or additional sitting area, while the formal dining room offers an elegant setting for entertaining. The heart of the home is designed for gathering. The spacious family room with fireplace flows seamlessly into the eat-in kitchen, where a raised breakfast bar comfortably seats three and creates the perfect connection between the two spaces. The kitchen features a center island with built-in shelving, an electric cooktop with built-in oven, abundant cabinetry, and a convenient built-in desk with electrical outlets—ideal for homework, meal planning, or a home command center. A butler's pantry provides an elegant transition between the kitchen and dining room, while the pantry and nearby laundry room add everyday convenience. Just beyond the family room, step down into a charming sunroom currently serving as a cozy mahjong retreat. Filled with natural light, it's the perfect flex space for game nights, reading, hobbies, or simply relaxing. Outdoor living is equally inviting with both a screened porch and an open-air deck overlooking the private, level, fully fenced backyard. An exterior door from the deck provides direct access into the three-car garage for added convenience. Upstairs, the oversized primary suite offers a true retreat behind double doors. The spacious ensuite bath features separate vanities, an oversized tiled shower, a large soaking tub, a private water closet, and two generous walk-in closets, creating exceptional storage and functionality. Three additional bedrooms and a full hall bath complete the upper level. The finished terrace level adds even more versatility with soaring 10-foot ceilings and includes a recreation room with pool table, a comfortable second living area complete with bar sink and cabinetry, a dedicated exercise room with mirrored wall and specialty flooring, and a full bathroom with shower. A workshop featuring a utility sink and built-in workbench, along with multiple storage rooms, provides incredible space for hobbies, projects, seasonal décor, and organization. A separate storage room with double-door exterior access offers convenient space for lawn equipment and outdoor essentials. Additional highlights include a newer roof, a current termite bond for added peace of mind, brand-new carpet in the front flex room, abundant storage throughout, and a floor plan that offers flexibility for today's lifestyle while leaving room for a new owner to add their own personal touches. Offering generous indoor and outdoor living spaces in one of Eagle Watch's most desirable communities, 1038 Longwood Drive is ready to welcome its next owners home.
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.
