Better Than New with Owner’s Suite on the Main! Built in 2021 and impeccably maintained, this stunning home offers the perfect blend of modern design, thoughtful upgrades, and timeless style, all tucked away on a desirable cul-de-sac lot. From the charming rocking chair front porch, welcome guests into a bright and inviting foyer where beautiful wood flooring, updated lighting, and an open, airy layout immediately impress. Designed for both everyday living and effortless entertaining, the main level features an elegant formal dining room with wainscoting, crown molding, and a tray ceiling. The chef’s kitchen is the heart of the home, showcasing abundant soft-close white cabinetry, granite countertops, tile backsplash, under-cabinet lighting, stainless steel appliances, a walk-in pantry, breakfast bar, and a spacious island overlooking the sunny breakfast area. The kitchen flows seamlessly into the dramatic two-story family room highlighted by rich wood flooring and a cozy stone fireplace. Just beyond, an expansive sunroom with beautiful wall to wall windows and wood flooring provide the perfect retreat for morning coffee, or game day gatherings, and opens to a patio and private backyard oasis. The main-level owner’s suite is a true retreat, featuring a tray ceiling, ceiling fan, large walk-in closet, and a spa-inspired bath with a soaking tub, separate tiled shower with bench, double vanities with soft-close cabinetry, and tile flooring. A powder room and a well-appointed laundry room with built-in and shelving and a closet complete the main level. Upstairs, you’ll find three generously sized secondary bedrooms, all with walk-in closets, along with a beautifully finished full bath featuring double vanities, granite countertops, and tile flooring. Ideally located near highly sought-after WC Abney Elementary, as well as shopping, dining, and parks, this exceptional home also offers wonderful neighborhood amenities including a pool, playground, and covered mail center, making it truly a must-see!
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.
