New year, new home! Welcome to the Adams townhome by the nation’s #1 Homebuilder-D.R. Horton includes 4 bedrooms, 3.5 bathrooms and a 2 car garage. Enter the Adams where you will find a flex room to use as you choose- a rec room, home office or 4th bedroom along with a full bathroom! Soaring 9 ft ceilings on the main level enhance this ever so popular open floor plan concept! Enjoy entertaining as all gather around this over-sized kitchen island. The kitchen features bright purestyle ellis white cabinets along with granite counters. Kitchen appliances are by Whirlpool -stainless steel Range, side-by-side refrigerator, microwave and dishwasher. Easy to maintain luxury plank floors are throughout the main living area, all baths and foyer. Continue to the bedroom level where you will find the primary bedroom with generous closet space as well two secondary rooms, upper level laundry and hall bath. Bedrooms include an LED light which is compatible with future ceiling fans. All baths include granite counters. Stay connected while away from your home with our home is connected package. For your convenience window blinds are included. This includes a camera at the front door, Z Wave thermostat, Deako light switches, and QPanel. Garage door openers are included and wi-fi enabled. Community amenities include a tot lot along with beautiful walking paths with stunning mountain views! In addition to the ease of major commuting routes, Frederick has an array of activities to suit your lifestyle. Whether you’re interested in outdoor activities, league sports, brewery or winery hopping, nearby retail and incredible dining options, Frederick offers a variety of ways for you to enjoy your new house and make it HOME! Call for details regarding interest rate specials and closing assistance. D.R. Horton includes a 10-year warranty. Additional homes are available. Please call for detail. We look forward to welcoming you to the D.R. Horton Family!
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.
