Seller is offering $5,000 in concessions plus all appliances with this like-new 3-bedroom, 3 full bath townhome that perfectly blends comfort, style, and convenience. From the charming front stoop to the sidewalk-lined streets, this home welcomes you with curb appeal and thoughtful design throughout. Step inside to a beautiful foyer featuring elegant wainscoting, wood-like blinds, and soaring 9-foot ceilings that enhance the open and airy feel. The main living area showcases durable LVP flooring, complemented by thick baseboards and crown molding that add a refined touch to the first floor. The open floor plan is ideal for both everyday living and entertaining, centered around a stunning kitchen with quartz countertops, travertine backsplash, large island, french-style refrigerator, and a 5-burner gas stove. This home features two primary bedrooms, including one on the first floor with a walk-in shower, ideal for flexible living arrangements. Upstairs, you'll find a massive loft separating the bedrooms, providing additional living or recreational space. The expansive second-floor primary suite boasts crown molding, two closets, a garden tub, a separate walk-in shower, and dual sinks for a spa-like retreat. The additional upstairs bedroom is generously sized, includes a large walk-in closet, and has access to a full bath. Just off the living space, enjoy a peaceful screened-in porch overlooking the back, perfect for relaxing. The rear-entry 2-car garage leads into a convenient mudroom with a large pantry, offering both functionality and storage. Located near E. Carroll Joyner Park, this desirable community offers amenities such as a pool, clubhouse, and walking trails, creating a lifestyle of comfort and convenience in a beautifully maintained setting.
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.
