FISHHAWK SCHOOL DISTRICT* Channing Park POOL home with a private fenced backyard. The “Rockingham" model boasts just under 2600sqft of living space offering EVERYTHING you're looking for...4 BEDROOMS, 3 FULL BATHS, **PLUS a Home Office, FENCED YARD, **AND an Oversized 3 CAR GARAGE! *SPECIAL HOME FEATURES AND IMPROVEMENTS INCLUDE NEW HOT WATER HEATER, NEW HVAC SYSTEM, NEW LUXURY VINYL PLANK FLOORING, AND SOLAR PANELS with TESLA back-up battery!!Step into an Open foyer as your eyes are drawn across the home to a sparkling pool. The grand entrance includes a welcoming living and dining area with high ceilings, LVP flooring and tray ceilings. Adjacent to the foyer you will find a private home office/den. The trendy modern Kitchen offers a vented hood, granite counters, gas range, w/ upgraded fixtures. Large dinette overlooks large backyard and spacious Great room with triple sliders to outdoor patio. Three way split plan accommodates a private bedroom with access to pool bath with large walk-in shower. All bedrooms are generously sized. Your large Master bedroom features sliders to pool & patio, tray ceiling, custom wall color & ceiling fan. Ensuite bath is fabulous his and her sinks, garden tub and dual closets. Your brick patio and large fenced backyard are perfect for outdoor entertaining and family fun. Channing Park is Zoned for top rated FISHHAWK SCHOOLS AND access to resort style amenities including a heated community swimming pool & spa, state-of-the-art fitness center, community gathering room w/ kitchen, grilling area, dog park, skate park, basketball court, kids play area & flex field. As a bonus, one-half of the CDD debt assessment had been paid by the builder up front which means reduced fees for the life of the property! Call and Schedule an appointment to see this home today!
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.
