Discover the perfect blend of space, comfort, and community in this fabulous 5-bedroom, 3.5-bathroom brick traditional located in the prestigious River Walk subdivision. Freshly updated with new paint and new carpet upstairs, this home offers a pristine, move-in-ready canvas in the heart of the sought-after Five Forks area. The main level is defined by its expansive layout, specifically designed for those who love to host. Whether it’s a holiday gathering or a casual get-together, the seamless flow between living spaces ensures you have ample room for guests. Adding to the home’s incredible versatility is a fifth bedroom located on the main floor. This flexible space features its own attached bath, making it an ideal private home office or a comfortable main-level guest suite—perfect for multi-generational living arrangements. Step outside to your private sanctuary. The flat, fenced backyard offers both privacy and premium amenities for relaxation: A large deck that is deal for summer cookouts and outdoor dining. The generous screened porch is perfect for enjoying your morning coffee or a quiet evening bug-free. While the current hot tub does not convey, the ultimate spot is ready to select your own hot tub to unwind under the stars. Or your favorite outdoor sofa and chairs for a large gathering area. Retreat upstairs to find the spacious primary suite along with the additional bedrooms. The layout provides excellent separation between the common living areas and the private sleeping quarters, ensuring a peaceful environment for the whole family. Living in River Walk is more than just a home; it’s a lifestyle. Residents enjoy world-class amenities right at their doorstep: Large Swimming Pool with an active champion swim team. Tennis Courts, Fitness Center, and Clubhouse. 4 Miles of Walking Trails winding along the scenic Gilder Creek. Playground and beautifully maintained common areas. Don't miss the opportunity to own a home that offers both a private retreat and a vibrant community connection. Schedule your showing today!
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.
