MOTIVATED SELLERS! Some homes check the boxes. This one rewrites them. Welcome to 1204 Woodglen Lane — a beautifully updated, move-in ready home tucked inside one of Matthews' most beloved communities, Callonwood. Here's what makes this one truly special: the sellers weren't planning on moving. They invested heavily in this home because they loved it and intended to stay — and now, because life had other plans, their gain is absolutely yours. They Put the Work In. You Reap the Reward. The sellers upgraded nearly every corner of this home: Brand new flooring throughout New appliances — ready for your first meal in Custom lighting — thoughtfully selected, not builder-grade Freshly painted rooms — crisp, clean, and move-in ready Whole-home Purway water filtration system — clean, filtered water from every tap New hot water heater — worry-free from day one 5-year-old architectural shingle roof — a major capital expense already handled for you This isn't a home that was patched up to sell. This is a home that was loved — and it shows in every detail. Room to Live, Room to Grow The floor plan gives you serious flexibility: 3 bedrooms plus a bonus room that easily becomes a 4th, a loft, 3 full bathrooms, and a half bath. The primary bedroom on the main floor is a rare and highly desirable feature — once you have it, you'll never want to give it up. A Community That Actually Feels Like One Callonwood isn't just a neighborhood — it's a lifestyle. Residents here actually know each other, and it shows: Competitive swim team Food Truck Fridays — dinner and neighbors, right outside your door Neighborhood book club at the clubhouse Organized walking group Dog park, multiple playgrounds & a baseball field Scenic walking trails winding throughout the community This is the kind of neighborhood where people actually know each other — and never want to leave. Location That Works Hard for You Ten minutes to downtown Matthews. Easy access to Charlotte, Ballantyne, Weddington, and Indian Trail. Top-rated dining, shopping, and commuter routes — all right at your fingertips, without the hustle of being in the middle of it all. Here's the bottom line: A motivated seller. A meticulously updated home. A community people never want to leave. Here's your chance!
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.
