Nestled at the end of a long private drive and gracefully positioned on an expansive 5.07-acre estate, this exceptional Avalon model by Ryan Homes offers a rare blend of timeless elegance, resort-style amenities, and modern conveniences. Boasting over three beautifully finished levels, this distinguished colonial features four spacious bedrooms, four full bathrooms, and one half bath, with an additional fully finished lower-level suite complete with its own private bath, making it ideal as a fifth bedroom, guest retreat, au pair quarters, or multigenerational living space. ASK YOUR AGENT how you can save drastically on this mortgage by getting a great portion assumable at 2.25%, or as a Doctor receive 100% financing. A grand two-story foyer welcomes you inside, where rich hardwood flooring flows seamlessly throughout the home, creating warmth and sophistication in every room. Tile is seen in the kitchen and the eat-in kitchen dining space. Designed with both grand entertaining and intimate family living in mind, the residence offers an impressive collection of gathering spaces, including a private study, formal den, dedicated office, and a tranquil sitting room adjoining the luxurious owner’s suite. The owner’s retreat serves as a sanctuary unto itself, offering abundant space to unwind and recharge. Throughout the home, thoughtfully designed interiors are complemented by generous natural light and refined architectural details. Step outside and discover your own private oasis. The fenced backyard showcases a spectacular heated in-ground swimming pool, perfect for summer gatherings and quiet evenings under the stars. Recently enhanced with a newly installed Jacuzzi hot tub, the outdoor setting provides the ultimate staycation experience. Adding even greater versatility is an extraordinary detached shed that transcends traditional storage. Fully wired, climate-controlled with its own air conditioning unit, and beautifully finished, this structure is perfectly suited as a she shed, he shed, creative studio, fitness room, executive office, or private retreat. Car enthusiasts and guests alike will appreciate the three-car side-load garage, complemented by an expansive parking area capable of accommodating four or more additional vehicles with ease. For environmentally conscious homeowners, an electric vehicle charging station is already installed, offering convenience for today’s modern lifestyle. Families will delight in the included children’s play-set, providing endless opportunities for outdoor enjoyment amidst the peaceful surroundings of this secluded estate. Offering the serenity of country estate living while remaining conveniently accessible to major commuter routes, shopping, dining, and regional amenities, 15509 Cheswicke Lane is more than a home—it is a destination, a retreat, and an extraordinary opportunity to experience luxury living at its finest. Welcome home to a place where elegance meets comfort, privacy meets convenience, and every day feels like a getaway.
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.
