Picture-perfect, luxury brick-front garage townhome backing to trees in the rarely available Richmond American section of Greenway Farms. Freshly painted and featuring a three-level bump-out, this home delivers stunning upgrades from top to bottom. The main level boasts a luxurious open floor plan, 9' ceilings, wide-plank hardwood floors, recessed lighting throughout, gourmet kitchen, elegant and effective 3-sided gas fireplace, flex room for a home office or breakfast nook, Trex deck access, double pantry, and a powder room. Massive gourmet kitchen features an 8' Delicatus white granite island with pendant lighting and GE Profile stainless steel appliances (refrigerator and microwave 2020). Additional highlights include a 5-burner gas cooktop, 42" slow-close cabinets with under- and over-cabinet lighting, double undermount sink, and double oven. Upstairs you'll find the primary bedroom suite including a sitting room space with views over the backyards and woods, high-end ceiling fan with light, walk-in closet, and the primary bathroom. The primary bathroom is adorned with marble floors and Carrara marble countertops, double vanity, and a white-tiled shower. The large, upper level laundry room features full-sized appliances and space for hanging clothes. Bedrooms two and three each include high-end ceiling fans with lights and generous closets. These bedrooms share the spacious hall full bathroom with its double vanity, tub/shower, and ceramic tile floor. The lower level features an incredible 42' x 16' recreation space, home-theater pre-wiring, whole-house low-voltage structured wiring, a full bathroom, access to the covered Trex deck with new ceiling fan (2022), and access to the oversized two-car garage with additional storage. Other significant home improvements include NEW ROOF with ridge vent (2025), new Rheem HVAC (2019) with increased tonnage and improved ventilation, leaf guard (2020), new lower deck (2022), premium 2" blinds throughout, and a new rear fence (2022). Easy access to the Community Center, through the townhouse groups across Mohegan provides an enclave of relaxation, exercise, entertainment, and swimming. The Center includes a kitchenette with oven and microwave, Wi-Fi and couches, a gym with cardio equipment, circuit training, and free-weights. The Center also includes a full-size tennis court with pickleball lines and access to the outdoor pool during the summer season. Come see why life in Greenway Farms—and at 226 Mohegan Drive—is simply better.
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.
