Step into open, spacious living designed for comfort, style, and connection in this gorgeous, green-certified design by Homes By Dickerson! Excellent neighborhood location in highly desirable and award-winning Briar Chapel. This ''Wild Poppy'' plan has been beautifully maintained and features a stunning chef's kitchen and open versatile layout that overlooks a level backyard oasis -- creating the perfect blend of elegance and tranquility. Site-finished hardwood floors span the entire first level, while high ceilings and numerous windows flood the home with natural light. The inviting family room centers around a cozy gas fireplace, and a convenient drop zone sits just off the garage entry for everyday ease. The chef's kitchen is truly the heart of the home, offering granite countertops, a generous breakfast bar and island, a 6-burner gas range, walk-in pantry, butler's pantry, abundant cabinet/counter space, and all S/S energy efficient appliances. This makes it ideal for both entertaining and daily living. A 1st floor bedroom/full bathroom combination offers separation and easy access for guests/family needs. Just off the kitchen is another spacious room that can serve as a home office or 2nd living room/dining room option. Upstairs, find a generous primary suite with spa-like bath including dual vanities, an oversized shower, and a large walk-in closet. You will also find 2 additional bedrooms with custom closets and large bonus room (5th BR option) with built-in double workstation for homework/hobbies and a walk-in closet. A second-floor laundry room with adjacent walk-in attic storage adds to the flow for your everyday living, being centrally located to bedrooms. Outdoor living shines with a covered rocking-chair front porch and a large screened rear porch with upgraded solar shades overlooking the fenced backyard complete with a patio, and gardening opportunities -- all beautifully landscaped. Meticulously maintained throughout, your new home has a crisp, clean, and updated feel. Need more storage? Garages have been updated with Thule storage, overhead storage and a Garage Gator for bikes + you have a sealed/encapsulated crawlspace. Located within walking distance to major community amenities including sports courts, parks, and all local schools, this property offers not only a stunning residence, but an incredible lifestyle. Enjoy two community pools with waterslides, sport courts, a fitness center with yoga studio, clubhouse, and miles upon miles of walking and biking trails -- truly resort-style living at its best. Multi-year award-winning Briar Chapel Community is conveniently located only minutes away to an array of grocery options, a variety of restaurants, UNC/CH, Hospital, downtown Franklin Street or Pittsboro and an easy 30 min commute to RDU Airport & RTP. A place to grow, gather, and create new memories for years to come -- your new home at 222 Landover Circle awaits!
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.
