Welcome to Fairmont South where charm, privacy, and thoughtful upgrades come together to create a home that truly stands out. Beautifully maintained and boasting a striking brick facade, this residence offers irresistible curb appeal paired with easy-care landscaping. Set on a private lot backing up to serene woods, you'll enjoy the perfect blend of neighborhood living and natural tranquility. Step inside to a welcoming spacious foyer that sets the tone for the home's inviting and functional layout. Just off the entry, a dedicated office or flex space offers endless possibilities perfect for work, play, or creative inspiration. Continue through the foyer past the formal dining room, and you'll arrive at the heart of the home: a generous, light-filled main living area. Gorgeous laminateflooring flows throughout, complemented by neutral paint tones. This home is truly elevated with designer touches at every turn crown molding, wainscoting, shiplap accents, upgraded fixtures, and fresh paint bring warmth and personality to each space. Oversized windows draw in abundant natural light, creating a bright, uplifting atmosphere. At the center of it all sits the stunning chef-inspired kitchen, showcasing rich espresso cabinetry, gleaming granite countertops, a porcelain tile backsplash, and modern stainless steel appliances. A cozy breakfast nook overlooks the peaceful wooded backdrop and leads directly to the rear patio for seamless indoor-to-outdoor living. Downstairs also features a private mother-in-law suite with its own en suite bath, ideal for guests or multigenerational living, as well as additional storage and a convenient powder room. Upstairs, retreat to an expansive owner's suite complete with wood-toned cabinetry, cultured marble countertops, double vanity, a spacious upgraded walk-in shower, and a large storage closet. Three additional full-sized bedrooms and a shared bathroom with ceramic tile and dual vanity ensure everyone has room to spread out. A second-floor laundry room adds everyday convenience. The fully fenced backyard is a blank canvas ready for your dream outdoor oasis complete with an oversized patio and charming pergola already in place. Perfectly positioned near schools, new shopping and dining, major highways, military bases, historical landmarks, parks, lakes and more, Fairmont South offers unmatched convenience in a desirable community. Beautifully maintained, thoughtfully upgraded, and move-in ready this home is the one you've been waiting for, and it won't last long.
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.
