MOVE-IN READY & PRICED TO SELL! Welcome to 1168 Belvoir Ln, where comfort meets convenience in this thoughtfully designed home. Step through the foyer into an open floor plan with soaring ceilings, creating a light and airy main living space. The spacious eat-in kitchen easily accommodates a six-piece dining set and features custom cabinetry with lower-level drawers, granite countertops, and a dedicated built-in chopping block. French Door refrigerator and all built-in kitchen appliances to convey. All three generously sized bedrooms are located on the main level. The primary suite offers a large walk-in closet and a low step-in shower for added convenience. Upstairs, the large bonus room is currently used as a fourth bedroom but is perfectly suited for a media room, home office, or hobby space. The second floor also includes an ADA-friendly full bath and extensive attic space with potential to be finished into an additional room. This home includes numerous ADA-friendly features, such as: Extra-wide doors, Built-in Ramp to the back patio, Portable ramp from garage to interior, Stair lift, Door levers, Smart lighting in the main full bath, Keyless entry, Two LED strobe-light smoke detectors in bedrooms for the hearing impaired.The back lawn has been modified to include both upper and lower levels for more usable outdoor space. A custom garden wall is already in place, complete with an integrated watering system and a French drain for efficient drainage.The beautifully manicured landscaping features Crepe Myrtles, Butterfly Bushes, Tennessee Irises, Clematis, and more. A battery-powered self-propelled mower and electric snow thrower also convey. Additional upgrades include a whole-house surge protector installed by CDE, providing extra peace of mind during storms, and an ADT security system with cameras on both the front and rear doors that will remain with the home. This meticulously maintained property is truly move-in ready—don’t miss your chance to make it yours!
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.
