With a perfect blend of comfort and elegance, this residence is designed to evoke a sense of home while providing access to a vibrant community. Step inside to discover a thoughtfully designed open floor plan that seamlessly connects the living, dining, and kitchen areas. The spacious living room, adorned with a cozy gas fireplace featuring glass doors and a stylish mantel, invites relaxation and warmth. The kitchen is a culinary delight, equipped with stainless steel appliances, including a self-cleaning oven and a convenient eat-in space, perfect for casual dining. The primary suite boasts a luxurious jetted tub in the en-suite bathroom, offering a spa-like retreat. This home features two well-appointed bedrooms and two full bathrooms, ensuring ample space for guests or hobbies. The interior is enhanced by engineered wood and ceramic tile flooring, providing both beauty and durability. A sprinkler system and security features, including smoke detectors and a security system, add peace of mind. Outside, the property is graced with extensive hardscaping and beautifully landscaped grounds, creating an inviting atmosphere. Enjoy the tranquility of your corner lot, which backs onto open common areas and lush trees, providing a picturesque view of the surrounding nature. The community amenities are second to none, featuring both indoor and outdoor pools, a fitness center, and a clubhouse for social gatherings. Engage in friendly competition on the activity courts or unwind in the library and game room. Conveniently located near public transportation options, this home ensures easy access to the wider area while maintaining a peaceful retreat. The attached garage and additional parking options provide convenience for residents and guests alike. Experience the best of luxury living in this vibrant senior community, where every detail has been meticulously crafted to enhance your lifestyle. Embrace the opportunity to create lasting memories in a home that truly feels like a sanctuary at Cameron Grove, ready to move in.
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.
