This 4 BR home on a Finished Basement with over 3000 SF in the BEST SCHOOL DISTRICTS! Welcome to this stunning two-story home nestled among mature hardwood trees, offering exceptional curb appeal, privacy, and abundant living space inside and out. Lush landscaping, ornamental shrubs, and a charming covered front porch with ceiling fan create a warm welcome. The red front door, black shutters, gray siding with shake accents, curved driveway, and attached two-car garage complete the timeless exterior. Inside, rich hardwood flooring flows throughout the main living areas. The formal dining room features crown molding, wainscoting, a stylish chandelier, and large windows with elegant drapery, creating the perfect setting for entertaining. The spacious family room centers around a dramatic marble-surround fireplace with decorative mantel and gas insert. Multiple oversized windows fill the room with comfort and natural light while maintaining an open flow ideal for gatherings. A conveniently located half bath features a black vanity, vessel sink, brushed-nickel fixtures, and beadboard accents. The kitchen is designed for both style and function, featuring dark espresso cabinetry, granite countertops, stainless steel appliances, recessed lighting, hardwood flooring, and a large window above the sink. A decorative glass pantry door adds custom charm. The kitchen opens seamlessly to the breakfast area and family room, while a nearby door leads to the elevated deck overlooking the private backyard. UPSTAIRS, the oversized primary suite serves as a peaceful retreat with tray ceilings, plush carpeting, ceiling fan, and a barn-style sliding door leading to the enormous walk-in closet with extensive shelving, hardwood flooring, and a window overlooking the wooded yard. The suite also includes a secondary closet and a luxurious en-suite bath featuring double vanities, soaking tub, arched window with plantation shutters, separate glass shower, and large-format tile flooring. Additional bedrooms are generously sized with ceiling fans, large windows, and thoughtful design details. One features vaulted ceilings and decorative wainscoting with a navy accent wall, while another offers en-suite bath access and soft designer finishes. Secondary bathrooms include tub/shower combinations, oak vanities, brushed-nickel fixtures, and framed mirrors. The laundry room includes Samsung washer and dryer, upper cabinetry, shelving, and a bi-fold door for additional storage and convenience. The finished TERRACE LEVEL provides exceptional flexibility with a large bonus or recreation room complete with carpeting, track lighting, built-in shelving, and arched doorways. An adjacent private room with custom wood cabinetry, built-in desk area, tile countertops, and porch access is ideal for a home office, craft room, hobby space, or potential in-law setup. Outside, the fully fenced backyard is truly exceptional. The expansive flat lawn offers endless room for recreation and entertaining. A large elevated deck with white railings overlooks the wooded setting, while the covered patio below provides additional outdoor living space. The property also includes a charming storage shed with barn-style doors, a children's play structure, garden areas, stepping-stone pathways, and decorative container gardens. This remarkable home combines timeless curb appeal, elegant finishes, flexible living spaces, beautifully designed bathrooms, an incredible primary suite, and outstanding outdoor living areas - all set within a peaceful wooded setting. Don't miss this exceptional opportunity. FANTASTIC HOME! INCREDIBLE LOT! GREAT SUBDIVISION! WONDERFUL NEIGHBORS! BEST SCHOOL DISTRICTS! PRICED TO SELL! This should not last long!
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.
