Perfectly positioned in the heart of Lexington and just minutes from downtown and the sparkling waters of Lake Murray, this beautifully designed corner-lot townhome offers the rare combination of privacy, charm, and effortless living. Set beside the neighborhood mailboxes, the home enjoys extra open space and an airy, set-apart feel; something rarely found in townhome communities.Step inside to an inviting open-concept living area where natural light and thoughtful design create a warm, welcoming atmosphere. The cozy fireplace anchors the space, making it ideal for relaxed evenings, quiet mornings, or entertaining friends with ease. The seamless flow between the living, dining, and kitchen areas enhances both everyday comfort and functionality.The kitchen is a standout, blending character and warmth with butcher block countertops that add a timeless, handcrafted touch. It’s a space that feels both stylish and practical; perfect for everything from casual meals to hosting gatherings.With two spacious bedrooms and two full baths, the layout provides comfort and privacy without wasted space, making it ideal for homeowners, guests, or flexible use. Step outside to a covered back patio that extends your living space year-round; perfect for morning coffee, evening dinners, or weekend unwinding. A wood privacy fence offers a peaceful sense of seclusion, while additional outdoor storage provides plenty of room for lake gear, bikes, and seasonal items.Located just minutes from shopping, dining, entertainment, downtown Lexington, and Lake Murray, this home delivers low-maintenance living paired with the vibrant, connected lifestyle Lexington is known for. Whether you’re seeking convenience, comfort, or a lock-and-leave lifestyle close to it all, this townhome checks every box. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
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.
