Nestled in the highly sought-after community of River's Edge Plantation, this stunning home offers the perfect blend of comfort, space, elegance and lifestyle. From the moment you enter the neighborhood, you will immediately understand why so many buyers desire to call River's Edge Plantation home. Featuring beautifully maintained sidewalks throughout the community, a private neighborhood lake, clubhouse, swimming pool, tennis courts, playgrounds, and a welcoming atmosphere. Situated at the end of a quiet cul-de-sac offers a level of privacy and outdoor space that is becoming increasingly difficult to find. With no rear neighbors, this property provides peaceful backyard views and endless possibilities for outdoor enjoyment. Natural light pours into the home, highlighting the spacious layout and soaring ceilings. The impressive two-story family room serves as the heart of the home and features a cozy gas fireplace that creates the perfect setting for relaxing evenings, entertaining guests, or spending quality time with family. Just off the foyer is a flexible room that can easily serve as a formal living room, private office, study, media room, playroom, or even an additional sleeping area for guests. One of the most desirable features of this property is the bedroom located on the main level. Perfect for guests, multigenerational living, or anyone seeking convenient first-floor access, this additional bedroom adds flexibility and functionality to the home's design. As beautiful as the main level is, the true "wow factor" of this home awaits upstairs. The oversized primary suite is absolutely fit for a his or her and offers the type of luxury and space buyers dream about. This private retreat provides ample room not only for a large bedroom suite but also for additional seating, a reading area, or personal lounge space. After a long day, escape to your own sanctuary designed for relaxation and comfort. The primary bathroom continues the luxurious feel of the suite with a spacious garden tub and shower combination accented by custom white tile backsplash that creates a clean, modern, and elegant appearance. One of the standout features is the enormous walk-in closet.
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.
