Turnkey Family-Friendly Townhome in Gated Seneca Village Condominiums! Welcome to this beautifully maintained corner-unit townhome located in the desirable, private gated community of Seneca Village Condominiums. Offering 3 bedrooms and 2.5 baths, this home provides comfort, privacy, and an ideal setting for family living. The recently updated kitchen is designed for both everyday living and entertaining, featuring a new Kohler sink and faucet, a wine fridge, and new stainless steel kitchen appliances. The primary suite serves as a relaxing retreat with its own private bathroom, recently reglazed, a custom walk-in closet, and a private balcony—perfect for quiet mornings or unwinding at the end of the day. The main bathroom has been tastefully remodeled with a custom walk-in shower and updated vinyl flooring. Bedrooms #2 and #3 are generously sized, with one offering its own private balcony, making it ideal for children, guests, or a home office. Enjoy the convenience of a direct-access 2-car garage, the privacy of a corner unit with only one shared wall, and a private courtyard perfect for family gatherings, outdoor play, or cozy evenings around the propane fire pit. Part of the appeal of living in Seneca Village is the beautifully maintained, park-like grounds that create a true neighborhood feel. The community swimming pool and spa are just moments away, along with a nearby tot lot playground for younger children and a basketball hoop area for older kids. Ideally located close to shopping, entertainment, parks, and award-winning schools, this home offers a wonderful opportunity to enjoy both comfort and community in one perfect 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.
