Nestled in the charming community of Clarksburg Square, this exquisite end-of-row townhouse embodies the perfect blend of modern elegance and comfortable living. Built in 2019, this Colonial-style residence offers a spacious 2,320 square feet of thoughtfully designed interiors, ideal for those who appreciate high-end finishes and an exclusive lifestyle. Step inside to discover a warm and inviting atmosphere, accentuated by beautiful wood floors that flow seamlessly throughout the main living areas. The heart of the home is undoubtedly the gourmet kitchen, featuring a generous island that invites culinary creativity and casual gatherings. This space is perfect for entertaining, with ample counter space and a layout that encourages connection and conversation. The main level also boasts a cozy ambiance, enhanced by ceiling fans that provide a gentle breeze, ensuring comfort year-round. The open-concept design allows for an abundance of natural light, creating a bright and airy feel that makes every corner of the home feel welcoming. Retreat to the luxurious primary suite, where relaxation takes center stage. The en-suite primary bath offers a spa-like experience, complete with elegant fixtures and finishes that elevate your daily routine. Two additional well-appointed bedrooms provide ample space for guests or a home office, catering to your lifestyle needs. With two full bathrooms and two half bathrooms, convenience is paramount, ensuring that every member of the household enjoys their own space. The home is equipped with a sprinkler system, adding an extra layer of safety and peace of mind. Outside, the community amenities are a true highlight. Enjoy sunny afternoons at the community swimming pool or maintain your fitness routine at the well-equipped fitness center, all just steps from your front door. The attached garage and driveway parking provide both convenience and security, making coming home a breeze. This property is not just a house; it's a lifestyle. Experience the perfect blend of luxury and comfort in a community that values quality living. Embrace the opportunity to make this stunning townhouse your new home, where every detail has been crafted for your enjoyment and peace of mind.
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.
