Coming Soon!! Nestled in the charming community of Twin Arch Crossing, this delightful interior row townhouse offers a perfect blend of comfort and convenience. Built in 2011, this home boasts a spacious layout with 1,960 square feet of finished living space, featuring three inviting bedrooms and three and a half bathrooms. The warm brick and vinyl siding exterior exudes curb appeal, while the front-entry garage provides both functionality and ease. Step inside to discover a cozy living area highlighted by a welcoming fireplace, perfect for those chilly evenings spent with loved ones. The open floor plan seamlessly connects the living room to the dining area, creating an ideal space for entertaining or simply enjoying everyday life. The well-appointed kitchen is ready for your culinary adventures, offering ample space for meal prep and gatherings. The community of Twin Arch Crossing is more than just a place to live; it's a vibrant neighborhood that fosters a sense of belonging. Residents enjoy easy access to local parks, where you can take leisurely strolls, have picnics, or let the kids play freely. The nearby schools are known for their commitment to excellence, providing a nurturing environment for learning and growth. Convenience is at your doorstep with a variety of shopping and dining options just a short drive away. Whether you're in the mood for a casual meal or a night out, you'll find plenty of choices to satisfy your cravings. The community is also well-served by public transportation, making commuting a breeze. For those who appreciate outdoor activities, the surrounding area offers numerous trails and recreational facilities, perfect for hiking, biking, or simply enjoying nature. The sense of community is palpable, with friendly neighbors and local events that bring everyone together. This townhouse is not just a house; it's a place where memories are made and cherished. With its thoughtful design, modern amenities, and a location that prioritizes community living, this home is ready to welcome you. Experience the warmth and comfort of Twin Arch Crossing-your new chapter awaits!
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.
