Welcome home to 1448 Westhall Gardens Drive in The Townes At Notting Place. An absolutely stunning end-unit home that is move in ready. Want to enjoy new construction, but don't want to wait for it to be built? Here's your chance! This lovely home has been meticulously maintained, improved, and well-cared for. The first level offers many stand out features, which include an open concept floor plan, luxury vinyl flooring, a spacious living room with gas fireplace, sizable dining area, and large kitchen. The kitchen features an eat-in bar area, under cabinet lighting, pull out drawers on base cabinets, double-basin stainless steel sink, and pantry closet. The interior stretches outside into the three season room, where entertaining and relaxation can be enjoyed throughout the year. The first floor primary suite offers ample space for storage furniture, organizing clothes, and rest. The tiled primary bathroom is upgraded with walk in shower base, shower niche, and sitting bench. Another stand out feature is the spacious laundry area located off the primary bathroom, making it more convenient than ever. The additional bedroom on the first level is spacious with ceiling fan, ample lighting, and storage, while also making for a great home office option. The additional full bathroom is on the first floor making it more convenient for hosting guests in their own bathroom space. Upstairs, you will find a generous sized room that is being used as as study, but works perfectly as as bedroom as well. The front load garage is spacious and perfect for enjoying ease in and out of the home. Enjoy every inch of this home whether it be time inside by the gas fireplace, in the three season room, or outside on the back patio. Noteworthy improvements also include: plantation shutters, pocket doors, and light dimmers. The Townes at Notting Place offer walking areas, pavilion, and community garden. Schedule a tour today!
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.
