Enjoy the ease and comfort of main-level living in the Trilogy at Lake Frederick 55+ community with this beautifully maintained residence, thoughtfully designed with 2 spacious bedrooms, 3.5 bathrooms, and oversized office along with a finished lower level. This home showcases generous room sizes, quality finishes, and a layout that supports both everyday living and effortless entertaining. <br><br> The heart of the home is the expansive kitchen, featuring abundant wood cabinetry, granite countertops, stainless steel appliances, and ample prep space—ideal for everything from casual meals to hosting gatherings. Just off the kitchen, a charming screened porch invites you to relax and unwind while enjoying peaceful views of the surrounding neighborhood. Step outside to a private paver patio framed by mature trees, creating a serene and inviting outdoor retreat, perfect for quiet mornings or evening gatherings. <br><br> Inside, the front room offers exceptional flexibility as an oversized home office or sitting room, complete with calming views of undeveloped land towards the lake. A conveniently located coat closet near the entry enhances everyday functionality. Beautiful hardwood floors throughout the main living areas connect the dedicated dining room, guest suite, and sun-filled living room overlooking the private back yard. The oversized primary suite offers a large bedroom, dual vanities and step-in shower, and walk-in closet. <br><br> The lower level adds incredible versatility to the home, featuring a dedicated craft or knitting studio with finished flooring already in place, along with an impressive 1,200 square feet of storage space—ideal for hobbies, organization, or future customization. There is even rough-in plumbing for a future wet bar expansion. <br><br> This well-cared-for home blends comfort, space, and thoughtful design, offering a welcoming environment ready to suit a variety of lifestyles. <br><br> As a resident of Trilogy at Lake Frederick, you'll enjoy a wealth of incredible amenities designed to enhance your lifestyle. Dive into relaxation with both indoor and outdoor pools, stay active in the state-of-the-art fitness center, and unwind at the well-equipped community clubhouse. Savor gourmet meals at the farm-to-table restaurant and socialize in the exclusive members-only lounge. For the sports enthusiasts, tennis and pickleball courts, as well as a dog park, offer ample opportunities for recreation, while extensive lake trails beckon for serene strolls and outdoor adventures. Join a vibrant community of welcoming neighbors and future friends. Experience the pinnacle of resort living at Trilogy at Lake Frederick—where your dream home and ideal lifestyle come together seamlessly.
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.
