NO CITY TAXES! Welcome to 200 Honey Ct. E in the desirable Thompson Farms neighborhood. This stunning corner-lot home offers over 2,400 square feet, 3bds, 2.5ba, and a huge freshly painted BONUS room. Conveniently located just 10 minutes from MCAS New River and 20 minutes from Camp Lejeune, this property delivers space, comfort, and style in an ideal location. As you enter, you're welcomed by a grand foyer with soaring ceilings that set the tone for this impressive home. To the left is a formal dining room, and on the opposite side you'll find a spacious flex room perfect for an office, playroom, or additional living area. The open-concept layout flows beautifully through the main level with newer flooring throughout. The great room features a cozy gas fireplace, creating the perfect atmosphere for gatherings and special occasions. The gourmet kitchen is a true standout, offering updated quartz countertops, cabinets, backsplash, stainless steel appliances, and a dedicated pantry with additional storage space. Just off the kitchen, you'll find a nicely sized laundry room that adds even more convenience and functionality. This kitchen is both stylish and practical, giving you plenty of room to cook, store and stay organized perfect for anyone who loves to entertain or meal prep. Upstairs, the master suite sits privately on its own side of the home in a true split-floor layout. The ensuite bathroom includes a jacuzzi garden tub, a stand-up shower, and a jaw-dropping walk-in closet that you have to see in person! The two additional bedrooms are larger than average and offer generous storage space.You will also love the huge freshly painted bonus room, complete with its own closet and a comfortable sitting area, making it perfect for a movie room, playroom, home office, gym, or guest space. Outside, the home sits on almost half an acre with a fully fenced yard, a deck, and an above ground pool, perfect for summer relaxation and entertaining. Homes like this don't last!
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.
