Welcome to Jones Mill Crossing, where everyday living meets convenience and connection. This beautifully maintained 5-bedroom, 2.5-bath home offers a thoughtfully designed layout with high-end finishes and meaningful upgrades throughout. Inside, you’ll find an open floor plan with real hardwood flooring, quartz countertops, tile backsplash, farmhouse sink, and both a walk-in pantry and butler’s pantry—providing exceptional storage and functionality. The main level includes a full bedroom with a walk-in closet, currently used as an office, offering flexibility for a variety of needs. A convenient drop zone sits just off the garage entry. Upstairs features a spacious primary suite with a spa-like bath, including a soaking tub, separate walk-in shower, dual vanities, and a large walk-in closet that connects directly to the laundry room. The loft/bonus space is generously sized (large enough for a full living room setup) and serves as a central gathering space. Additional bedrooms are well-sized, and the shared bath offers a functional split layout between vanity and shower areas. Outdoor living is a standout feature. The fenced backyard backs to common green space with no rear neighbors, and includes added steps providing direct access to neighborhood amenities. Enjoy the EZ Breeze porch, pergola, and a thoughtfully designed yard with mature peach trees that produce seasonally. Additional highlights include a security system, tall windows that bring in abundant natural light, and quality craftsmanship throughout, characteristic of Toll Brothers design. The community offers great amenities along with easy access to recreation and nearby schools. One of our favorite parts of living here has been the walking path that runs throughout the neighborhood, it connects everything and makes it so easy to get around. We’ve loved being able to walk to school and seeing so many neighbors do the same. You’ll often find people out walking, kids playing, or families spending time on the fields and track just across the street. It’s one of those neighborhoods where people are outside, connected, and truly enjoying where they live! Seller is a licensed real estate agent.
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.
