Welcome Home to Reynard Run!Move right into this beautifully updated 3-bedroom, 2.5-bath townhome offering comfort, style, and convenience in one of the area's most desirable communities. From the charming covered front porch to the thoughtfully upgraded interior, this home is designed for easy living. Step inside to find luxury vinyl plank flooring throughout and an abundance of windows that fill the home with natural light. The updated kitchen features granite countertops, stainless steel appliances, a deep sink, and ample space for casual dining. The spacious living room boasts a cozy wood-burning fireplace and sliding glass doors leading to the backyard, while the open layout also provides plenty of room for formal dining and entertaining. The first floor includes an updated powder room, a convenient laundry room includes washer and dryer. Upstairs, the primary suite offers a ceiling fan, dual closets, and a stunning renovated en-suite bathroom featuring a tiled stall shower. Two additional generously sized bedrooms share an updated full hall bath with a tiled tub/shower combination, and a linen closet provides additional storage. Outdoor living is equally impressive with a fully fenced backyard, expansive patio perfect for gatherings, and a storage shed. Additional highlights include a **brand-new water heater**, newer roof, and availability of both Xfinity and Verizon services. Residents of Reynard Run enjoy outstanding community amenities including tennis courts, basketball courts, street hockey area, playground/tot lot, front lawn maintenance, Front snow removal. Conveniently located near shopping, dining, major highways, and highly regarded schools, this bright and open home offers the perfect blend of modern updates and low-maintenance living. Don't miss this exceptional opportunity—schedule your private tour 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.
