This beautifully maintained home has been lovingly cared for by its owners and gently lived for a few years. Pride of ownership is evident throughout, with minimal wear and thoughtful upkeep. The home has its appealing private lot in a community full of amenities! On the outside you will find an inviting front porch that offers space for furniture to relax and sip a cup of coffee. In the backyard there is a beautiful, ground-level deck that has recently been stained and ready for entertaining. The back is very private, and has trees skirting the edge of the lot for total privacy. As you enter the front door you will be delighted to see the open floor plan and wide foyer with gleaming hardwood floors. The foyer leads you into the spacious great room for living and dining. There are soaring ceilings throughout that add to the openness and grandeur the home. The fireplace in the living room provides for many warm and cozy evenings. And with the open floor plan, the adjoining kitchen is perfect for holidays, and entertaining. The kitchen itself offers an abundance of cabinetry and space for cooking and entertaining. The new granite counter tops and upgraded appliances show off a welcome vibe. The sky is the limit. As your guests gather, they can also join the family room directly off of the kitchen. This room will give you the upmost in comforts with its large windows and sliding door to the deck. There are trees and a natural setting to give you privacy and a space for relaxing or entertaining. Three bedrooms in the home on the first floor are located on either side of the main level. The 4th bedroom is upstairs with windows, a closet, and bright recessed lighting. The primary bedroom is exceptionally large with lots of light, and the gleaming hardwood floors. It is ready for any size furniture big or small. There is a large walk-in closet, and a charming primary bath with new double sink granite countertops. Two bedrooms are on the other side of the main floor, and the second bathroom is centered conveniently off of the hallway between them. This bathroom also has a new granite countertop sink, and a shower/tub combination. Don't miss the 4th bedroom upstairs, it is really spacious and bright. It would be perfect for a teenager or even a craft or hobby room. Back down on the main floor, we have a spacious mudroom that includes the laundry. It leads directly from the garage, and has lots of space to store coats, boots, etc. And then there is the 2-car garage with its tall, wide doors. How big are your cars, or maybe you have a truck? It is ready for you. The community offers many amenities and options for recreation and involvement. Relax or stay busy, it's your choice! Thank you for touring 216 Battlefield Rd.
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.
