Imagine walking into a home that doesn’t just look good, but actually feels like the upgrade you’ve been waiting for. It invites, it impresses, and it keeps surprising you, room after room.<br><br> Built in 2021 in the sought-after 55+ resort community of Trilogy at Lake Frederick, where in some cases residents can be under 55. This Shea “Evoke” model is a showcase of elevated main-level living and unforgettable lower-level hosting space. With 4 bedrooms, 4 full bathrooms, it lives large but feels like home. You get all the perks of a 2021 build without having to deal with the six-month headache of construction.<br><br>This Shea “Evoke” model is a showcase of elevated main-level living and unforgettable lower-level hosting space. With 4 bedrooms, 4 full bathrooms, it lives large but feels like home. You get all the perks of a 2021 build without having to deal with the six-month headache of construction.<br><br> The main level delivers that perfect balance of openness and intimacy. At the heart of the home, the oversized island begs for brunch spreads, family dinners or evening wine tastings. The kitchen is both hardworking and welcoming, with rich cabinetry, smart layout, and room for everyone to gather. The adjacent dining area blends casual and formal. Wide plank flooring flow across every space, grounded by a stunning stone fireplace and framed by big, sunny windows. While the spacious great room offers easy access to the star of the show, the 50-foot covered patio. It stretches across the back of the house, giving you a massive outdoor living room where you can enjoy morning coffee, golden hour cocktails, or just lingering time.<br><br> Downstairs is its own retreat, a hosting heaven. A stone-front bar with open shelving makes a strong first impression, and it only gets better from there. A floor-to-ceiling stone fireplace adds ambient charm, whether you're celebrating or simply enjoying a quiet evening with a favorite pour, this level sets the stage for relaxed sophistication and connection. There’s plenty of room for game nights, or simply catching the game with friends or casual catch ups. <br><br>Tucked beyond the fun, a discreet pet grooming station and expansive storage space (outfitted with a mini sauna and gym setup) add practicality and joy. And don’t miss the custom workshop, this is more than a workspace. If you have hobbies, you’re going to love this: there’s a custom-built workshop retreat for woodworking or DIY.<br><br> Outside, the Hardie Plank exterior keeps maintenance low and curb appeal high, the HOA handles all the lawn maintenance so your weekends stay free for hiking nearby Shenandoah trails, joining in or hosting new friends from the community.<br><br> The 2 levels offer you smart, functional space. It’s packed with the stuff you usually have to add later, irrigation system, extra insulation, a humidifier, a water softener, Even the laundry room is impressive with full cabinetry and a deep sink. It’s a home designed for people who want to stay active, stay social, and finally have a place that fits every part of their lifestyle. While the high-end basement finishes and bedroom count are reflected in the public tax records, please note this custom work was completed without local permits; buyer to verify all information for their own satisfaction.
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.
