Home for the Holidays in this stunning Southpoint Subdivision home, where every corner is filled with warmth and comfort. This beautiful 4-bedroom, 3-bathroom residence offers the perfect blend of style and coziness for family gatherings, festive evenings, and memory-making moments. The spacious and open floor plan creates an inviting atmosphere from the moment you enter. At the heart of the home is the welcoming living room, featuring a cozy fireplace—perfect for relaxing after a busy day of holiday celebrations. The bright, airy kitchen flows seamlessly into the formal dining room, ideal for hosting holiday dinners and intimate get-togethers. Need a quiet space to focus or unwind? The separate study offers the perfect retreat, whether for work, hobbies, or a playroom. The master suite serves as your own private oasis, complete with an en-suite bathroom and generous closet space. Each additional bedroom is spacious and comfortable, perfect for family, guests, or visiting holiday travelers. The 2-car garage is both stylish and functional, featuring matching epoxy floors that provide a clean, polished, and durable finish. Step outside to the back patio to enjoy the crisp winter air with a warm cup of cocoa or relax on the charming front porch and take in the peaceful neighborhood ambience. Adding to the magic, the home is equipped with permanent exterior custom color-changing lighting, making decorating for the holidays effortless and dazzling year-round. Residents of Southpoint Subdivision also enjoy access to fantastic community amenities, including a clubhouse, playground, parks, pool, jogging paths, and serene lakes—perfect for recreation, relaxation, and an active lifestyle.
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.
