Welcome to 17182 Perinchief Street! A beautifully refreshed and thoughtfully upgraded home in the heart of Ladysmith Village, where modern comfort meets timeless community charm. Step inside to soaring 10-foot ceilings, freshly painted rooms, new carpet throughout, and new hardwood flooring on the main level, creating a warm, bright, and welcoming atmosphere from the moment you arrive. The home has been meticulously maintained and enhanced, featuring a whole-house water softener, reverse osmosis system, and a 2021 water heater, offering everyday comfort and peace of mind. Major systems are in great shape as well, with the roof and HVAC both replaced in 2011. The gourmet kitchen is ideal for both relaxed weeknights and lively gatherings, complete with a butler’s pantry and seamless flow into the open living spaces. The home is pre-wired for HDMI and CAT5, and the downstairs media room comes wired for surround sound, making movie nights and game days feel like a true cinematic experience. Curtain rods and curtains will convey for an effortless move-in. Outdoor living shines here: enjoy a newer deck with pergola (2024) constructed using locally sourced treated lumber from Madison Wood Preservers, a new rear door leading outside, and an expansive stamped concrete patio with fire pit, perfect for quiet evenings under the stars or entertaining friends all weekend long. Upstairs, soaring 9-foot ceilings enhance the spacious bedrooms with an airy openness, filling them with natural light while offering comfort and versatility—perfectly completing the home’s inviting design. Beyond your front door, Ladysmith Village offers some of the region’s best community amenities: an outdoor theater, multiple playgrounds, a dog park, pools, fitness room, clubhouse, walking trails, and even a YMCA on site. With quick access to I-95 and Route 1, commuting, shopping, and weekend adventures are easy and convenient. At 17182 Perinchief Street, every detail has been thoughtfully selected to elevate your lifestyle! Whether you’re hosting, relaxing, or enjoying the vibrant community around you.
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.
