113 Cross Current presents a rare opportunity to experience elevated living in the highly desirable McLean–South Shore waterfront community, where residents enjoy lake access, a private kayak launch, and resort-inspired amenities designed for a relaxed yet luxurious lifestyle. Conveniently situated near Charlotte, Charlotte Douglas International Airport, Belmont, and the beautiful Daniel Stowe Conservancy, this location offers the ideal blend of peaceful retreat and everyday accessibility, with marinas and endless waterfront recreation just minutes away. Beautifully maintained and thoughtfully crafted, the home offers a sophisticated yet functional layout. The expansive primary suite serves as a private retreat, featuring a luxurious spa-inspired ensuite bathroom designed with comfort and relaxation in mind. Every bedroom is designed with its own walk-in closet and direct bathroom access, creating a comfortable and private experience for both residents and guests. Generous living spaces and flexible-use areas provide the versatility needed for entertaining, remote work, or quiet relaxation. At the heart of the home, the chef’s kitchen impresses with an expansive island, butler’s pantry, and effortless connection to the surrounding living and gathering spaces. The open-concept design is complemented by a stunning stone fireplace and a built-in drop zone that adds both charm and convenience to daily living. Practicality meets style with abundant, easily accessible storage, a spacious three-car garage, and an oversized driveway offering ample parking. Outdoors, enjoy the covered porch with ceiling fan overlooking a private, level backyard surrounded by mature trees. A cozy fire pit creates the perfect setting for relaxing evenings or entertaining under the stars. Combining timeless finishes, thoughtful design, and an exceptional waterfront community lifestyle, this home truly stands apart.
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.
