Welcome to Keller's Pond!As you step through the front door, you're welcomed by a spacious foyer that sets the tone for the rest of the home. To the right is a formal dining room, perfect for hosting holiday meals, dinner parties, or family gatherings. To the left, you'll find a dedicated office space. Straight ahead, the living room is filled with natural light and features high ceilings and a cozy gas fireplace, making it the perfect place to gather with family and friends. The living room flows right into the kitchen, where you'll find a tiled backsplash, double ovens, plenty of cabinet space, a pantry, and a built-in bench seat that adds both charm and functionality.Just off the main living area is a bright sunroom that gives endless possibilities. Whether you use it as a second sitting area, playroom, hobby space, or your favorite spot for morning coffee, it's a room you'll enjoy year-round.The main-level primary suite provides a spacious walk-in closet and a private bathroom featuring a double vanity, garden tub, and separate shower. A convenient half bath for guests is also located downstairs.Upstairs, you'll find three generously sized bedrooms, two full bathrooms, and a large FROG that gives tons of flexibility. Whether you need a media room, playroom, home gym, guest space, or all of the above, you'll have plenty of room to make it your own. Don't forget to look at the size of the closets, especially in the bedroom on the lefthand side! Step outside and enjoy the backyard and patio area. One of the things you'll love most about this location is the protected land directly across the street, giving you added privacy.Located in the highly sought-after Lexington One School District and having over 3,400 square feet of living space, this home has the room, layout, and location you've been looking for. Come see all that 227 Letha Lane has in store for your family! Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
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.
