201 Jonquil Spring Rd is a beautifully upgraded end-unit townhome built in 2021, offering 3 levels of spacious living and 2,498 square feet of thoughtfully designed space. This 4-bedroom, 3.5-bath home features an open-concept main level with a stunning kitchen complete with quartz countertops, a large center island, stainless steel appliances, and a custom updated walk-in pantry. The inviting living area includes a cozy gas fireplace and elegant built-in shelving—perfect for relaxing or entertaining. The entire interior has just recently been re-painted and fresh new flooring laid throughout the first floor. Theres a 2-car garage. Upstairs, the huge master suite offers a true retreat with plush carpet. Enjoy an oversized bathroom with dual vanities, a soaking tub, separate shower, and a custom all-wood walk-in closet with a built-in locking jewelry box. Two additional bedrooms, each with walk-in closets, plus a modernized laundry room complete the second floor. The third level offers a versatile 569 sq. ft. loft space with a huge full bath and fourth bedroom, which also has a large walk-in closet—ideal for a guest suite, home office, media room, or even a private apartment setup. Additional storage includes a walk-in attic. Situated on a premium end-unit lot, the backyard feels like a private oasis with lush landscaping, a rose garden, and peaceful natural surroundings. This cozy backyard does not face into any other townhouses, just the woods. Enjoy the sights and sounds of a nearby freshwater stream and local birds, butterflies and other wildlife. Located just off Highway 92 as well as 575,(exit 7), its also less than a mile from downtown Woodstock. This home offers the perfect balance of convenience, comfort, and charm in a safe and clean community.
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.
