Nestled on a quiet cul-de-sac in the established Riverwood Plantation community, this spacious home offers a blend of comfort, flexibility, and thoughtful design in a private, wooded setting. The classic brick-accented exterior and welcoming front entry set the tone, while mature trees and a fenced backyard create a sense of seclusion and space. Inside, the home features a bright and functional layout with generous living areas that flow easily from one space to the next. Natural light fills the main living room, anchored by a fireplace that adds warmth and character, while the adjoining dining and kitchen areas provide an ideal setup for both everyday living and entertaining. Additional main-level spaces offer versatility for a home office, sitting room, or flex use to suit your lifestyle. A standout feature of this property is the fully handicap-accessible addition located at the rear of the home. Designed for comfort and independence, this private suite includes its own bedroom and full bathroom along with a separate entrance. A dedicated exterior chair lift provides easy access, making this space ideal for multigenerational living, guests, or anyone needing enhanced accessibility without compromising privacy. Upstairs, the home continues to offer ample space with well-sized bedrooms and a primary suite designed as a comfortable retreat. Each room feels bright and inviting, with plenty of flexibility for a variety of needs. The outdoor space enhances the home’s appeal even further, with a deck overlooking the backyard and wooded surroundings, creating a peaceful place to relax or gather. Residents of Riverwood Plantation enjoy access to neighborhood amenities including a community pool and recreation area, perfect for spending time outdoors and connecting with neighbors. The surrounding area offers convenient access to shopping, dining, and everyday essentials, while still maintaining a quiet, residential feel that makes coming home something to look forward to.
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.
