Nestled among mature trees in a peaceful, nature-filled setting, this beautifully maintained brick home offers the perfect blend of timeless elegance, functional living, and exceptional outdoor enjoyment. Situated on a private lot with lush landscaping and serene wooded views, this home welcomes you with classic curb appeal, manicured hedges, and a stately covered entry that sets the tone for the impressive interior that awaits. Inside, hardwood floors, fresh interior paint, and soaring ceilings create a warm and inviting atmosphere throughout the home's nearly 3,000 square feet of living space. The thoughtfully designed floor plan features a desirable main-level primary suite, dedicated home office through French doors, formal dining room, and a stunning two-story great room anchored by custom built-ins, and an abundance of natural light. Expansive windows frame backyard views, seamlessly connecting the interior living spaces with the beauty of the outdoors. The functional kitchen design serves as the heart of the home, with a center island, generous walk-in pantry, abundant cabinetry, and a bright breakfast nook overlooking the private backyard. Whether hosting or enjoying everyday life, the open-concept layout offers an exceptional flow. Retreat to the main-level primary suite, offering privacy and convenience, while upstairs you'll find three generously sized secondary bedrooms, a full bathroom, and a versatile loft-style landing that creates the perfect lounge area, homework station, or reading retreat. Step outside and discover what truly makes this property special. The backyard feels like a private sanctuary. A charming vine-covered pergola creates a beautiful outdoor living area ideal for morning coffee, evening meals, or entertaining guests beneath a canopy of greenery. Stone patios and winding pathways lead through professionally landscaped grounds surrounded by mature trees, creating a peaceful setting filled with natural beauty and privacy. The fenced grassy yard offers plenty of room for pets, play, gardening, or simply enjoying the peace of your own outdoor retreat. Additional highlights include hardwood flooring throughout much of the main and upper level living areas, fresh interior paint, a whole-home water filtration system, main level laundry, 2-car attached garage, extensive landscaping, abundant natural light, and a highly desirable floor plan designed to accommodate both everyday living and special occasions. Offering exceptional indoor-outdoor living in one of Mooresville's most desirable locations, this home delivers the sought after space, privacy, and lifestyle today's buyers are seeking.
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.
