Nestled in a serene neighborhood, this exquisite Colonial-style residence offers a perfect blend of luxury and comfort, ideal for those seeking an elevated lifestyle. Built in 2006, this stunning home boasts a generous 5,709 square feet of thoughtfully designed living space, featuring four spacious bedrooms and three and a half elegantly appointed bathrooms. Step inside to discover an inviting open floor plan that seamlessly connects the living, dining, and kitchen areas, creating an ideal setting for both entertaining and everyday living. The heart of the home is the gourmet kitchen, complete with upgraded countertops, a large island, and a butler's pantry, perfect for culinary enthusiasts. Enjoy casual meals in the eat-in kitchen or host formal gatherings in the separate dining room, adorned with chair railings that add a touch of sophistication. The living area is enhanced by a cozy gas fireplace, providing warmth and ambiance during cooler months. Luxurious touches throughout the home include engineered wood and tile flooring, as well as plush carpeting in select areas, ensuring comfort underfoot. The master suite is a true retreat, featuring two walk-in closets, a spa-like bathroom with a jetted tub and a stall shower, and two separate water closets and individual vanities, offering a tranquil escape after a long day. Venture outside to enjoy the beautifully landscaped exterior, complete with sidewalks and an underground lawn sprinkler system, ensuring your outdoor space remains lush and inviting. The community amenities further enhance the lifestyle, featuring a refreshing outdoor pool, jogging/walking paths, and tot lots for leisure and recreation. Parking is a breeze with an attached side-entry garage accommodating two vehicles, along with additional driveway space for four more. The property also includes a fully finished basement with walkout stairs, providing ample space for a home gym, entertainment area, or additional storage. The basement also features a potential 5th bedroom; however, it is not considered a legal bedroom as it does not meet code requirements. This home is not just a residence; it's a lifestyle choice that offers comfort, elegance, and a sense of community. Experience the perfect blend of luxury and warmth in this exceptional property, where every detail has been meticulously crafted to create a welcoming haven. Included in the sale: movie theater items (screen, projector, speakers, receiver) Updates include: Refinished hardwood floors (first floor) – 2020 Refinished hardwood grand staircase and alternate staircase – 2020 New granite countertops – 2020 New kitchen sink and fixture – 2020 New gourmet kitchen island (6x6 with two built-in mini fridges) – 2020 Refurbished kitchen cabinets (paint and fixtures) – 2020 New basement carpet – 2020 New carpet (library and formal living room) – 2020 Refurbished library bookshelves – 2020 Interior paint – 2020 New basement bedroom floors – 2025 New exterior patio deck – 2025
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.
