Nestled at the end of a quiet cul-de-sac in The Preserves at Cumberland Village, this inviting ranch-style home offers the perfect combination of comfort, convenience, and peaceful surroundings. Situated on a .25-acre lot backing to mature woods, the property provides a serene setting to enjoy nature from the welcoming front covered porch or the brand-new 15' x 12' rear deck featuring a remote-controlled awning. With approximately 1,926 square feet of thoughtfully designed living space, the home offers three bedrooms and two full bathrooms. One bedroom is currently used as a home office and features French doors, making it ideal for remote work, hobbies, or a guest room. The spacious primary suite includes a large walk-in closet with convenient access to the conditioned crawl space, as well as a private bath with a walk-in shower. The heart of the home is the expansive kitchen, beautifully appointed with granite countertops, tile backsplash, recessed and pendant lighting, a breakfast bar, gas range, and approximately 20 feet of countertop workspace. The open-concept layout seamlessly connects the kitchen, dining area, and living room, where an electric fireplace creates a cozy focal point while large windows overlook the peaceful lawn and wooded backdrop. Additional features include a central vacuum system, water softener, gutter guards, and an attached 22' x 20' two-car garage complete with a ramp and side man door for added accessibility and convenience. Sidewalks throughout the community provide opportunities for leisurely strolls and enjoying the neighborhood atmosphere. The home has been priced accordingly and is being sold as-is, with future carpet replacement reflected in the pricing. Experience the warmth, functionality, and tranquil setting this delightful Cumberland Village property has to offer. Whether enjoying morning coffee on the front porch, entertaining on the rear deck, or simply taking in the peaceful wooded views, this home offers a wonderful setting for comfortable everyday living.
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.
