Exquisite style meets everyday comfort in this stunning 3-bedroom, 2.5-bath Townhome with a 2-car garage, offering just over 1,900 square feet of thoughtfully designed living space. Ideally located just off Loop 1604 and Judson Road in the charming community of The Reserves at Knoll Creek, this home blends convenience with elegance. Step inside to a striking wrought-iron staircase that sets the tone for the home's sophisticated design. A short staircase leads up to the main living level, where soaring ceilings and an open-concept layout create an inviting, airy atmosphere. The living room, dining area, chef's kitchen, and private primary suite flow seamlessly together, perfect for both entertaining and daily living. From the entry, a short staircase down leads to two spacious guest bedrooms and a generous game room with direct outdoor access to the backyard-ideal for guests, hobbies, or a second living space. Rich wood flooring runs throughout all main living areas, including the kitchen, adding warmth and a custom feel. Accent upper windows fill the home with natural light, enhancing the bright, open ambiance in every room. The chef-inspired kitchen is a true centerpiece, featuring granite countertops, stainless steel appliances, custom 42-inch cabinetry, a stylish backsplash, a large island, gas range, and abundant prep space. The owner is also conveying the Samsung stainless steel refrigerator, along with a Maytag washer and dryer, adding exceptional move-in-ready value. The primary suite is thoughtfully separated from the secondary bedrooms for maximum privacy. The spa-like ensuite bath includes a garden tub, designer-tiled walk-in shower, dual vanities, and a spacious walk-in closet. This energy-efficient home showcases the quality craftsmanship expected from Chesmar Homes. The exterior was recently painted and brand-new gutters have just been installed, enhancing both curb appeal and function. Modern smart-home features include Yale digital door locks on all entry doors, Google Nest Learning Thermostats on both floors, and Google Nest security cameras positioned over the driveway, above the garage entry door, at the back door, and Google Nest doorbell camera at front door.
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.
