Absolutely Stunning, Brand New in 2025 Waterfront Townhome in Cambridge Lakes! Welcome to a completely refreshed and modernized home where everything is brand new in 2025. This beautifully updated smart townhome offers a luxurious feel throughout, starting with an elegant kitchen featuring quartz countertops, brand-new stainless steel appliances, and a spacious oversized island-perfect for cooking, hosting, and everyday living. The open-concept main level flows seamlessly into a bright dining area and a large living room filled with natural light. Upstairs, the primary bedroom includes a generous walk-in closet and a fully updated ensuite bathroom with high-end finishes, including quartz countertops, modern fixtures, and a tiled walk-in shower. The secondary bathroom also features quartz counters, designer tilework, and elevated finishes that create a spa-like experience. Convenience is maximized with the laundry room located on the bedroom level, making everyday routines easy and efficient. The English basement offers additional flexible space-ideal for a home office, gym, playroom, or recreation area. Every major component of the home, from mechanicals to appliances to systems, is brand new in 2025, giving you complete peace of mind and a truly move-in-ready lifestyle. The attached 2-car garage provides secure parking and extra storage. Enjoy all the incredible Cambridge Lakes community amenities, including: Three pools: spray pool, zero-depth kids' pool, and junior Olympic swimming pool A full fitness center: brand-new workout machines, free weights, and cardio equipment A spacious game room: pool tables, foosball, and shuffleboard A full indoor basketball gym A dedicated kids' activity room With modern design, luxury finishes, and a vibrant community setting, this fully updated 2025 townhome delivers an exceptional living experience-inside and out. A rare opportunity you don't want to miss!
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.
