Enjoy resort-style living in the desirable, gated 55+ Community of Carillon! This inviting Alexander END UNIT Ranch Home is in a peaceful location of the Active Andover Subdivision. Featuring a functional and spacious layout with a finished basement and desirable main-level living. Offering 3 bedrooms, 2 full bathrooms plus a convenient half bath, first-floor laundry and excellent closet space throughout, including linen closets in both full bathrooms! The updated kitchen is sure to WOW you with plenty of natural light, an abundance of white cabinetry, desk/dry bar area and lovely neutral custom waterfall countertops. The adjoining breakfast area, kissed with the brightness of bay windows, is a prime place to enjoy the park-like side yard from indoors. Patio doors lead to your very private deck retreat featuring a hard top pergola. It's perfect for relaxing or entertaining! A covered front porch welcomes your guests. Wood laminate flooring flows through the roomy Foyer, Dining Room, Living Room, Kitchen & Primary Bedroom which boasts beautiful French doors, spacious walk-in closet plus a large 2nd closet, En-Suite with large shower, separate tub and cellular tube. Ceiling fans & blinds throughout the first floor! Head downstairs to very thoughtfully expanded living space which includes a half bath, large rec area, semi-private office space, bedroom with a full wall of closet space, a 2nd FULL 10 x 9 laundry room with sink and extra cabinet storage (option space to add shower or kitchenette for full lower level private living), walk-in closet, plus a bonus room currently used as a craft room. There's lots of additional storage space in the very large crawl space! This home is equipped with a Radon Mitigation System, easy clean tilt-in windows, new A/C condenser and fan. A 2-car attached garage with new rails & springs for garage for opener, private driveway and additional guest parking adds convenience. A+ location boasting no direct neighboring homes or yards. Residents of Carillon enjoy quick expressway access plus a vibrant community with countless activities and resort-like amenities including three pools, fitness center, classes, clubs & social events. There are three 9-hole golf courses, putting & driving range and Caddies Restaurant right in Carillon! See the Alexander floor plan under the "Other Information" tab. Welcome to low maintenance carefree living at its best!
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.
