Step into modern elegance at 205 Castien Cove Pl, a stunning transitional-style townhouse that perfectly captures the vibrant lifestyle of Woodcreek. Right away notice the brick front & 1 car garage. The heart of this home is an expansive open-concept main floor, where rich flooring flows seamlessly from the inviting living area with gas fireplace into a true gourmet kitchen. Anchored by a large center island, the kitchen features gleaming granite countertops and stainless steel appliances, making it just as suited for a quick morning coffee as it is for hosting an elaborate dinner party. Light, bright cabinets & modern pendant lighting and exhaust vents to outside. Upstairs, the spacious primary suite serves as a private retreat, complete with a trey ceiling, oversized walk-in closet and a spa-like ensuite bathroom featuring light dual vanities and a large walk-in tiled shower. Upgraded nest thermostats convey. Step out back to your extended patio and enjoy the quiet. Garage has updated epoxy flooring. Washer, Dryer, & fridge can convey. Living here means gaining access to the incredible resort-style perks of the Woodcreek community. Whether you're looking to spend your summer afternoons drifting down the lazy river, zipping down the water slide, or getting a workout in at the fitness center, the amenities are designed to impress. Newly added greenway trails for jogging, walking the dog or biking. Tennis and basketball courts just moments away and a low-maintenance patio for relaxing at home, this property offers the perfect balance of sophisticated design and active community living. Plus, with the convenience of nearby shopping at Holly Springs Towne Center and easy access to major commuter routes, everything you need is right at your fingertips. Priced well at below tax value!
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.
