FINANCIALLY ATTRACTIVE: Assumable 2.25% VA Loan Available (Buyer Must Qualify). Listing Agent/Owner is a Licensed NC Real Estate Broker. WELCOME to this exceptionally maintained LUXURIOUS residence featuring a highly desirable layout with a main-level primary suite, dedicated den/office, formal dining room, and expansive open living spaces. Built in 2019, this Signature-Series Taylor Morrison home showcases 10 ft ceilings, 8 ft interior doors, upgraded flooring, and a bright great room centered around the gourmet kitchen. The kitchen includes a large island, gas cooktop, stainless appliances, upgraded cabinetry, and an oversized walk-in pantry. The casual dining area flows naturally to the screened porch, offering year-round indoor/outdoor comfort. The main-floor primary suite provides excellent privacy with two walk-in closets and a spacious bath featuring a soaking tub, separate shower, and split vanities. Additional main-level conveniences include a powder room, laundry room, drop zone, and direct access to the two-car garage. Upstairs, a generous loft anchors the second level and offers flexible recreation or media space. Three additional bedrooms each include walk-in closets; two share a Jack-and-Jill bath, and the third enjoys access to a full hall bath. Two attic storage rooms off the loft and bedroom wings provide rare additional storage not often found in newer homes. Outdoor highlights include a screened porch, a corner-lot setting offering privacy, a golf-course-level Bermuda lawn, professionally installed landscape lighting, and hand-trimmed sculpted trees. A South Seas premium hot tub remains with the property. Residents enjoy Walden’s amenities: a resort-style pool, clubhouse, playgrounds, and walking trails, with quick access to shopping, dining, and Lake Norman. The assumable 2.25% VA loan OFFERS substantial monthly payment savings compared to current rates, making this one of the most FINANCIALLY ATTRACTIVE OPPORTUNITIES in the Charlotte/Huntersville region. BUYER DOES NOT have to be a veteran or military-affiliated to assume the loan, but must meet VA and lender qualification requirements.
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.
