Welcome to 178 Sun Shower Ridge-a standout Fenwick floorplan in the sought-after Sunrise Cove at Great Sky! This thoughtfully designed ranch-style 2 story home offers a master on the main and two spacious bedrooms on the main level. Upstairs boast of two bedrooms, including a huge media room perfect for movie nights, a loft, a full bathroom and two extra closets. This 5 bedroom, 3 full bath home is hard to beat! The upgraded Chef Kitchen features quartz countertops, crisp white cabinetry, stainless steel appliances, and a top-tier double oven and microwave combination which includes convection and air fryer features plus much more. The walk-in pantry has all the space you need and the under-cabinet dimmer lighting adds ambiance, and the cozy gas logged fireplace makes the living room feel like home. Enjoy wooded views and yes even Fireworks from the covered patio with a spacious yard at the top of the community or breeze in through the mudroom after a walk on the trails. Bonus: this home includes an Entek water filtration system-just 40 lbs of salt rock every six months for crystal-clear water, key/keyless entry, video doorbell, security panel, camera/flood lights in the front and back of home, door sensors and sprinkler system. Live the lifestyle you've been dreaming of with resort-style amenities like 4 tennis courts, 4 pickleball courts, 3 pools (including a lap pool, splash pad and water slide), playgrounds, basketball courts, walking trails, fishing and boating along the water bank, rentable event space, and year-round club house/community events like the annual luau, family movie nights, meet-ups, wine tastings, kids crafts and monthly social clubs. Don't miss your chance to own this one-of-a-kind home in one of Canton's most exciting communities. Come see what the buzz is about at Great Sky!
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.
