We are delighted to present an extraordinary residential offering within the esteemed Cedar Grove at The Woodlands community. This meticulously designed two-story home redefines versatile living, catering to both dynamic family needs and sophisticated entertaining. Step inside to discover a thoughtfully articulated floor plan featuring four generously proportioned bedrooms, with the unique flexibility to effortlessly transform an additional space into fifth bedroom. Enhancing the home's functionality and convenience, both a dedicated home office and a versatile den are strategically situated on the main level. The primary suite, a private sanctuary complete with its luxurious en-suite bathroom, also enjoys the convenience of being located on the ground floor, offering the ease of single-level living. Throughout the residence, intelligent storage solutions have been seamlessly integrated, ensuring an organized and serene environment. The interior exudes an air of refined elegance, highlighted by exquisite engineered hardwood flooring that extends gracefully across all primary living areas. Dramatic soaring ceilings, particularly within the expansive great room, amplify the sense of space and allow an abundance of natural light to cascade throughout. A dedicated interior laundry room further contributes to the home's practical amenities. Beyond the threshold, a private outdoor oasis awaits. A sparkling swimming pool, complemented by an expansive, oversized lanai, creates an idyllic backdrop for both lavish entertaining and tranquil relaxation. The property's impeccable curb appeal is significantly enhanced by its meticulously manicured landscaping. Practicality extends to the exterior with a spacious three-car garage, providing ample vehicle accommodation, further supplemented by extensive additional parking ideal for guests or multiple vehicles. Residents of Cedar Grove at The Woodlands benefit from a well-managed community, reflected in a modest monthly Homeowners Association (HOA) fee. Crucially, this property is advantageously situated in an X flood zone, a designation that eliminates the requirement for flood insurance and provides invaluable peace of mind. Its prime location on a quiet cul-de-sac further enhances its desirability, offering enhanced privacy and reduced traffic. Professional photos coming soon!! Close to shopping centers, I 75, & 41, nearby is Atlanta Braves Stadium, Warm mineral Springs, aquatic water Park, and much more!
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.
