Fabulous "Full Brick" Ranch in the Popular Britton Falls (55+) Neighborhood! Overlooks a Scenic Lake in front + a Large 23' Screened Porch and a 28' Paver Patio overlook a Landscaped Privacy Mound in back with Trees! This Beautiful Home is Immaculate and Very Well Maintained and boasts many Custom Features... Two Large Bay Windows, 9' Ceilings throughout, Very Nice Updated Flooring, Trey Ceiling in Primary BR, Custom Crown Mouldings, Ceiling Speakers that can be connected to buyer's stereo system, Dramatic Great Rm w/Full Wall of Windows, Custom Fireplace, and Formal Dining Area. The 3rd BR is currently used as an Office/Den w/Lots of Built-ins including a Huge Desk/Work Space + Cabinetry and Bookcases. The Primary BR has a Trey Ceiling, Crown Moulding, 10' Bay Window, 12' Walk-in Closet + the Primary Bath has a Whirlpool Tub, Separate Shower, and a 9'+ Double Vanity. The Great Room Overlooks an Awesome Custom Kitchen w/Crown Moulding, Center Island, Breakfast Bar w/Bar Stools, Double Ovens (One is Convection), Reg Pantry and Butler's Pantry + a Bright and Sunny Breakfast Room w/10' Bay Window! The 25' Deep Garage w/Epoxy Floor has a 4' Bump out to make it 4' Deeper than Standard. This allowed lots of Built-ins (Cabinets + Counter Workshop Area w/Pegboard + Two Walls w/Built in "Slatwall Storage System"). Other Major Updates...1) High Efficiency Gas Furnace w/Humidifier and A/C (2024)...2) High Efficiency Gas Water Heater (2021)...3) Architectural 25-30 Year "Dimensional" Roof (2019)...4) New Flooring (2019) Community Amenities include the Impressive "Chateau" Clubhouse w/Indoor and Outdoor Swimming Pools + Pickleball, Tennis, Bocce Ball, and B-Ball Courts + Billiard Room, Recreation/Game Rooms, Meeting Rooms, Dramatic Grand Fireplace Gathering Room, Library w/Fireplace + Fitness Center and Spa! Secluded area but, Hamilton Town Center is only five minutes away with lots of Restaurants, Outdoor Shopping Mall, Banks, Theatres, etc. Convenient to everything you need!
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.
