Gorgeous 3BR/3.5BA End-Unit Townhome | 2022 Build | 2-Car Garage | Elegant Interiors | Prime Location Welcome to this beautifully maintained 3-bedroom, 3.5-bath end-unit townhome closed in August 2023(less than two years occupancy), offering upscale finishes, privacy, and access to top-tier community amenities including a swimming pool. Step into a light-filled open-concept main floor that blends style and function. The elegant dining area features custom lighting, rich hardwood flooring, and seamless flow into the gourmet kitchen, which is outfitted with white cabinetry, quartz countertops, modern pendant lighting, a sleek tile backsplash, and a large island with breakfast bar seating. The adjoining living space offers the perfect spot for relaxing or entertaining, filled with natural light and backyard views. Retreat upstairs to a luxurious master suite complete with a private sitting area, two walk-in closets, and a spa-like en-suite bathroom featuring double vanities, a soaking tub, and a separate shower. Enjoy morning coffee or quiet evenings on your private deck overlooking beautiful wooded scenery. Each of the two secondary bedrooms includes its own full attached bath and walk-in closet, perfect for guests or family. The home also includes a convenient half-bath on the main level and an attached two-car garage. Located in a quiet community just minutes from shopping, dining, and with easy access to major highways, this home offers the ideal balance of modern comfort and everyday convenience. Owner did the additions to the property after closing, wooden privacy fence, backyard renovation, garage floor finishing and a brand new engineered hardwood flooring Community amenities include a swimming pool for warm-weather enjoyment. Schedule your showing today—this elegant end-unit won’t last long!
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.
