Welcome to 237 Ashmore Circle, where luxury, privacy, and convenience come together in one of Troutman's most desirable communities. Built in 2015 and thoughtfully updated with freshly refinished hardwood floors and fresh paint throughout, this meticulously maintained residence features 5 bedrooms, 5 bathrooms, and an impressive 5,269 square feet of living space. Located just minutes from Lake Norman, this home delivers the perfect balance of spacious luxury living and convenient access to the outdoor activities, dining, and entertainment that make the area so desirable. Located just minutes from multiple public and private boat launches, residents enjoy the perfect blend of adventure and everyday convenience. Spend your weekends boating, fishing, hiking at Lake Norman State Park just 6 minutes away, or enjoying a glass of wine at Davesté Vineyards less than 10 minutes from your doorstep. Downtown Troutman, with its growing collection of local restaurants, shops, and community events, is only 3 miles away. Tucked beside a wooded lot, the home enjoys a level of privacy that is difficult to find. Whether you're sipping your morning coffee on the front porch or unwinding on the back patio after a long day, you'll appreciate the peaceful setting and tranquil atmosphere that surrounds the property. Inside, the thoughtfully designed floor plan provides room for everyone. Hardwood floors flow throughout much of the main living area, while the spacious kitchen opens seamlessly to the breakfast nook and family room, creating the perfect space for everyday living and entertaining. Large windows across the rear of the home fill the space with natural light and provide beautiful views of the private backyard. The main level features a highly sought-after primary suite, providing convenience, privacy, and flexibility, along with a dedicated office or study perfect for working from home, managing a household, or creating a quiet retreat. Upstairs, you'll find four generously sized bedrooms, including an oversized bonus room with a closet that can easily function as an additional bedroom, media room, playroom, or flexible living space to suit your needs. Downstairs, you'll find an incredible 1,664-square-foot finished walkout basement that significantly expands the home's living and entertaining space. Complete with plumbing already in place for a future wet bar, the basement is ready to become the ultimate gathering space. An additional finished room creates the perfect opportunity for a home theater, game room, gym, or whatever best fits your lifestyle. A spacious 3-car garage further enhances the property's appeal, providing abundant space for vehicles, storage, and everyday convenience. With room for recreational equipment, workshop space, or additional storage, the garage delivers the versatility today's buyers appreciate while complementing the home's generous scale and functionality. Outside, the professionally maintained landscaping and pride of ownership are evident at every turn. Every detail of this home has been carefully cared for, creating a truly move-in-ready opportunity. The manicured grounds, mature landscaping, and peaceful surroundings further enhance the sense of privacy and tranquility that make this property so special. Residents of Falls Cove enjoy access to a community pool, clubhouse, and additional neighborhood amenities, all within a quiet and established setting. Simply put, there is not another active home currently available in the area that combines this level of square footage, privacy, location, and value. If you've been searching for a home with room to grow, exceptional privacy, outstanding community amenities, and the opportunity to enjoy the Lake Norman lifestyle without the Lake Norman price tag, 237 Ashmore Circle deserves a closer look.
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.
