Charming end-unit townhouse residence offering 4 bedrooms, 2.5 bathrooms, and 1,920 finished square feet in desirable Oakhurst. // Step inside the freshly painted interior, where the welcoming main-level foyer opens directly into the eat-in kitchen. Thoughtfully appointed, the kitchen features recently updated flooring, white cabinetry, stainless steel and white appliances, a custom tile backsplash, and a pantry. The adjoining breakfast nook offers a cozy spot for casual dining, complete with bow windows, a stylish accent wall, and a ceiling fan. // Continue into the spacious open-concept living and dining area, where a chandelier defines the dining space and sliding glass doors flood the room with natural light while providing seamless access to the elevated rear deck. // Recently installed carpeting extends to some of the remaining living spaces. On the upper level, you'll find three generously sized carpeted bedrooms and two full bathrooms. The comfortable owner's suite offers dual closets and a private ensuite bath, while a second full bathroom serves the additional bedrooms. // The finished walk-out lower level expands the home's versatile living space with a large recreation room, perfect for a media room, lounge, or play area. This level also features a convenient powder room, a fourth bedroom or flexible bonus room ideal for a home office or guest space, and a dedicated laundry room with a recently replaced Maytag® washing machine. // Outside, enjoy dining or relaxing on the elevated deck overlooking a peaceful wooded backdrop. A side-yard storage shed provides additional space for outdoor equipment and seasonal items, completing the home's inviting exterior. Property is being sold As Is. // Select photos have been virtually staged for illustrative purposes only.
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.
