OPEN HOUSE SATURDAY (6/21) AND SUNDAY (6/21) FROM 12-2PM!! 1650 Village Green Dr is an exceptional property with all of the privacy, space, amenities, acreage, and indoor and outdoor living luxury you could want in desirable Woodbine spanning 4.5 acres. A true rural estate, this property is perfect for homesteaders or those that want a rural life with true off-grid living but convenient to all commuter routes and amenities. With over 5,000SF of living space, this stately brick colonial has it all. A soaring foyer with dual staircases greets you. The living room, office, dining room, breakfast/morning room, expansive well appointed kitchen, and large family room comprise the first floor with hardwoods throughout, oversize windows, and amazing natural light. The attached 3 car garage features direct access to the family room/kitchen area with dual closets and an entryway landing. The fully equipped chef's kitchen features an expansive island with seating for everyone, granite countertops, gas cooking, glass front cabinetry, a pantry, coffee bar area, and stainless appliances. The large family room is open to the kitchen, features a propane fireplace, and the breakfast room is drenched in natural light with a walk-out to the back patio. 4 extremely sizeable bedrooms and 3 full baths are upstairs with a wraparound hallway open to the foyer below. The phenomenal primary suite contains a tray ceiling, lots of large windows, an office or sitting room space, and a large walk-in closet. The stunning en-suite full bath was recently redone with custom dual vanity cabinetry, an amazing walk-in shower with beautiful tilework, seamless glass doors, luxury finishes, and windows. A built-in soaking tub with floor to ceiling tilework and water closet round out the spa-like experience this primary bath is sure to deliver. The other 3 bedrooms are large, bright, and one has its own private en-suite bath, with another full bath containing laundry finishing out the first floor. Each of the secondary full baths upstairs has a tub/shower combo and neutral tiling and fixtures. Another recently installed custom full bath in the basement features a fully tiled walk-in shower. With 3 additional finished rooms, plenty of storage, and another laundry area, the basement only adds functionality and lots of floorplan flexibility and options. If SPACE is a priority, this is the home for you! Outside, the recently installed, jaw-dropping custom pool includes a sun-deck, lots of patio space, waterfalls, and a changing area. The 4.5 acres is almost completely private and has several chicken coops, lovely views, lots of yard space, and room for goats, pigs, or other larger livestock. This property is equipped with a fully installed, professionally commissioned solar photovoltaic and battery storage system. This is more than a generator; it is true self-power and off grid living capability. Details and documentation available with the listing. This property is the total package in so many ways. Privacy, space, indoor and outdoor amenities, an open floorplan, diligent maintenance, self-powered off grid living, all in a wonderful dead-end neighborhood in desirable Woodbine.
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.
