SELLER OFFERING 15K IN CONCESSIONS!! Experience elevated living in this exceptional 5-bedroom, 3-bath residence designed with both luxury and functionality in mind. From the moment you enter, the open-concept main level impresses with expansive living spaces, refined finishes, and effortless flow ideal for entertaining. New LVP flooring installed last year enhances the main level, while natural light pours into the inviting living areas and sunroom. The chef’s kitchen serves as the heart of the home, featuring granite countertops, stainless steel appliances, a gas range, a spacious walk-in pantry, and a butler’s pantry that seamlessly connects to the formal dining room—perfect for hosting gatherings. A private office/flex space offers versatility for remote work or creative pursuits, and a main-level bedroom with full bath provides ideal accommodations for guests.Upstairs, retreat to the serene primary suite along with three additional bedrooms and a spacious second living room, ideal for a media lounge or relaxation space. Engineered hardwood flooring, installed in 2022, elevates the second floor and primary bedroom. The third level offers a large bonus/media room that could also function as an additional bedroom, home theater, or private retreat. Step outside to your own resort-style oasis. The fenced backyard showcases an expansive deck with gazebo overlooking a heated gunite pool complete with a stunning waterfall feature. At the base of the yard, a custom firepit area creates the perfect setting for evenings under the stars. An irrigation system maintains lush landscaping, and a termite bond provides added peace of mind. Additional highlights include a two-car garage and new HVAC systems for the main and second levels installed last year for enhanced comfort and efficiency. Ideally located just minutes from Allison Creek Park, residents enjoy convenient access to lakefront recreation, boat ramps, scenic trails, and river access along Lake Wylie. This home seamlessly blends refined interior finishes with exceptional outdoor living and an enviable location, offering a truly luxurious lifestyle inside and out.
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.
