The Palomino is the Premier Townhome in Pringle Towns. 2.75% VA ASSUMABLE LOAN. This gorgeous end unit backs to future Charlotte Greenway. Lush landscaping welcomes you to a towering two story foyer with upgraded 5 inch plank higher end laminate flooring throughout the first floor. Walk in to your oversized great room with lots of natural light, neutral wall colors, and a chefs kitchen that will Wow. Quartz counters, beautiful white cabinetry, 42 inch uppers, lower pot slide out drawers for easy acess, and soft close drawers and cabinets. Stainless steel appliances, including the refrigerator, microwave, dishwasher, and flat surface cooktop. Deep stainless steel kitchen sink with views of the great room, and seating for 4+ at the breakfast bar. Custom pendant lighting for extra luxury and an easy access in kitchen pantry. The convenient dining area has access via sliding glass door to private rear yard with no units backing up to the home. The stairway to upstairs boasts dark hardwood steps and brings you to a useful loft area that would offer many options. Three large upstairs bedrooms and an oversized laundry room(Washer/Dryer included). The primary suite has gorgeous flooring, trey ceiling, and an over the top primary bathroom with dual vanities and a super sized, tiled, glass walled walk in shower. Tiled floors, separate toilet area, just a wonderful way to start any morning. The primary closet is spectacular with custom shelving, tons of space, and just what everyone needs. Both secondary bedrooms are good size and offer easy access to the second full bath with gorgeous grey tiles and dual vanity. Community comes with access to the pool and the HOA covers cable and Internet -Spectrum basic cable (175 channels) including free streaming apps: HBO Max, Disney, Hulu, ESPN, Paramount+, Peacock, AMC+ -Spectrum Internet Premier (500Mbps). -Neighborhood Pool and Dog Park - -Trash & Recycling service --Common area and lawn service/maintenance --Exterior maintenance and insurance -Private roads and street light maintenance. The neighborhood is conveniently located to tons of shopping, restaurants, and is minutes from Uptown Charlotte or Ballantyne. All furnishings available to purchase as well or worked into the sales price. Lets make a deal.
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.
