Welcome to **1797 Mill Creek Drive SW in Concord**, where modern comfort meets energy-conscious living in a home designed to power your lifestyle—literally. Freshly painted and completely move-in ready, this expansive **4-bedroom, 3.5-bath home with over 3,200 square feet** offers the perfect blend of space, functionality, and efficiency. Featuring **solar panels**, this home delivers more than beauty—it offers the opportunity for energy-conscious living and long-term savings while supporting the lifestyle today’s buyers are searching for. Step inside and discover a thoughtfully designed layout that adapts effortlessly to the way you live. The **private main-level office** creates the ideal work-from-home setup or quiet retreat for productivity and focus. At the center of the home, the kitchen is built to impress. A **colossal prep island** anchors the space, while the bar-top seating and breakfast nook create a natural gathering place for entertaining, casual dinners, or slow Sunday mornings. The **walk-in pantry** adds exceptional storage and convenience to this beautifully appointed kitchen. The home continues to elevate everyday living with features designed for both comfort and enjoyment—including a **surround sound system** that enhances movie nights, game days, and entertaining alike, plus a **water filtration system** that adds another thoughtful layer of everyday luxury. Upstairs, the **oversized primary suite** feels like a private retreat, complete with a flexible bonus area currently used as a sewing nook. Whether transformed into a luxury dressing room, reading lounge, fitness area, or private sitting space, this room evolves with your lifestyle. The spacious **loft area** provides a secondary living space perfect for streaming movies, gaming, or relaxing away from the main living area—offering flexibility for today’s modern household. Outside, the **level backyard** is ready for unforgettable summer evenings, backyard barbecues, celebrations, and quiet nights under the Carolina sky. 1797 Mill Creek Drive isn’t just a home—it’s a smarter way to live. With solar-powered efficiency, modern upgrades, and flexible living spaces throughout, this Concord property delivers the lifestyle, comfort, and functionality buyers have been waiting for.
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.
