BALLANTYNE - COPPER RIDGE CONDO - 3BR 2BA - Experience the ease of luxury in this rare ground-level end unit at Copper Ridge. This thoughtfully designed transitional condo features a seamless open-concept layout, where the living and dining areas are united by 9ft ceilings and the rich, warm tones of Canyon Ember Luxury Vinyl Plank flooring, creating a space that is as functional for daily life as it is for quiet entertaining. The kitchen serves as the home's centerpiece, boasting a beautiful Tumbled Stone Subway Tile backsplash and classic honey-oak cabinetry that adds organic warmth and character. While the 48-inch cabinets provide immense storage and a stainless steel two-bay sink adds utility, the shining star of the culinary space is the newer French-door stainless steel refrigerator. The layout flows effortlessly into a separate, dedicated laundry and pantry room, offering the kind of organizational space rarely found in condo living. The primary suite serves as a spacious retreat, offering plenty of room for large furnishings, a generous walk-in closet, and an en suite bath complete with an executive-height dual bowl vanity and a walk-in shower. For maximum privacy, the guest bedroom is situated on the opposite side of the home with easy access to a full hall bath, while a versatile flex space provides the perfect footprint for a home office, hobby room, or a third bedroom to suit your needs. Begin or end your day with a favorite drink on the cozy covered balcony, a peaceful spot for morning coffee or evening relaxation. Residents of Copper Ridge enjoy a full suite of amenities, including a clubhouse, two pools, a fitness center, and tennis courts. This location offers excellent connectivity to the walking trails of the local Greenway, the vibrant shops and dining at The Bowl at Ballantyne, and some of the most respected schools in Mecklenburg County. With Assigned Parking Space #230 and great access to I-485, this property offers a balanced and convenient South Charlotte lifestyle. Be sure to view the visual tour to experience this stunning home. BE SURE TO TAKE THE VISUAL TOUR!
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.
