FABULOUS, 1 OWNER HOME LOCATED IN THE COTTAGES AT CHARLESTOWN FEATURING POPULAR BONAIRE ADDRESS, GORGEOUS UPDATES THROUGHOUT, GREAT SCHOOLS & NO HOA! Located in the charming sidewalk community of The Cottages at Charlestown, this beautifully maintained 3-bedroom, 2-bath home offers the perfect blend of style, comfort, and convenience. Featuring fresh interior paint, a desirable Bonaire address, great schools, and no HOA, this move-in-ready home is sure to impress. The attractive easy-maintenance vinyl siding exterior with stone accents, beautiful landscaping, and welcoming covered front porch create exceptional curb appeal. Step through the beautiful front door into a stunning foyer highlighted by a designer light fixture, exquisite moldings, and gorgeous engineered hardwood flooring that flows into the main living areas. The light-filled open floor plan centers around a spacious great room featuring a coffered ceiling and cozy gas fireplace with a stone surround enhanced by a designer whitewashed finish and custom mantle. The great room flows seamlessly into the beautifully appointed kitchen, complete with custom cabinetry, granite countertops, beautiful backsplash, a large island with oversized sink and breakfast bar, all kitchen appliances will remain including the refrigerator, a built-in pantry, and a spacious dining area with double windows that provide abundant natural light. The popular split-bedroom design offers privacy and functionality. The spacious primary suite features a designer trey ceiling and a luxurious en-suite bath with dual vanities, a separate soaking tub and shower, and a huge walk-in closet. On the opposite side of the home, two generously sized guest bedrooms, both featuring walk-in closets, share easy access to a beautiful guest bath. The thoughtfully designed mudroom includes custom built-ins and a built-in desk, creating the perfect drop zone for everyday living and organization. A spacious laundry room is conveniently located nearby all with easy access to the two-car garage. Step outside to the covered back porch with TV hookups, creating the ideal setting for outdoor dining, entertaining, or simply relaxing while overlooking the large backyard enclosed by a privacy fence. Additional features include blinds throughout, gorgeous tile flooring in the baths and laundry room, a sprinkler system, gutters, and more. Conveniently located just minutes from restaurants, shopping, schools, entertainment, and RAFB, this beautiful home offers the perfect combination of quality, comfort, and location. Call today for a private tour of this gorgeous home!
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.
