It is my privilege to offer 2563 Bella Drive, in the highly sought after serene Community of Cambridge Lake! You've looked a long time...and FINALLY found it! This almost 1,800 square foot, 3-bedroom home with finished English Basement boasts an open-airy floor plan that seamlessly blends luxury, comfort & functionality! From the moment you step inside a captivating interior filled with sun-drenched warm natural light accentuates the voluminous rooms & atmosphere of modern elegance! This contemporary floor plan will provide you with the "Must-Have" design, style & quality that you have been looking for. Painted in today's latest on-trend neutral hues that complement any decor. The Kitchen is appointed with abundant modern shaker style white cabinetry & elegant hardware, upgraded designer lighting & plumbing fixtures, all stainless-steel appliances & a massive center island that is sure to please the most avid cooks & be the heart of the home gathering space. Flow from the Kitchen to the Large Dining Room Area; an easy transition from meal prep to mealtime. Make hosting your next dinner party a pleasure, a splendid space for all your gatherings & entertaining needs! The Large Living Room is sure to impress-a sanctuary for relaxation, entertainment and creating lasting memories. Its thoughtfully designed layout offers ample room for hosting large gatherings, or simply relaxing in your surroundings on a cozy night. This Living Room adapts effortlessly to your lifestyle, the expansive space offers the perfect balance of comfort & scale, giving you room to gather with ease. Oversized furniture fits effortlessly, while still leaving plenty of open flow for movement & conversation. Step through the sliding doors onto your private balcony, where the ambiance extends outdoors; morning coffee, evening cocktails, or simply fresh air-all just steps away. The Spacious Primary Suite not only provides ample space for rest & relaxation but offers elegant living at its finest with a spacious walk-in closet & private ensuite bath w/dual sink vanity & rainfall shower. Opposite the Primary Suite are 2 additional well sized bedrooms w/their own private full bath. You will appreciate the convenience of 2nd Floor Laundry Area with high-end/high-efficiency washer & dryer. Premium Location, facing serene open space views. Downstairs, you'll find a fully finished English basement, designed to bring natural light in & create a bright welcoming atmosphere-not your typical basement space. A Perfect blank canvas; use it as a cozy media room, guest suite, home office/creative studio, a quiet retreat -the possibilities are endless. It feels just like another level of the home-not an afterthought. This English basement bonus room delivers flexibility, style & a smart investment in your home's value. Nothing has been overlooked! The owners have meticulously maintained & improved this home; New powder room vanity & faucet, ceiling fans for added comfort, black matte door knobs & hardware throughout, smart thermostat & doorbell, driveway camera, glass break sensors, full Ethernet hardwiring, a secure biometric garage entry lock, garage custom storage loft & Husky cabinetry, lower level added recessed can lights are Bluetooth-enabled & offer customizable color & tone settings, allowing you to create the perfect ambiance to suit your mood. This home features DR Horton's signature Smart Home Technology which allows you to monitor & control your home from your couch or from 500 miles away. Enjoy a plethora of amenities right at your fingertips. Resort like amenities are included in the Cambridge Lakes Lifestyle: community clubhouse, 12 lakes/pier for fishing, 12 parks, fitness center, aerobics studio, pool, party room, indoor gymnasium/basketball court/sports fields & miles of walking & biking trails! Conveniently located near shopping, entertainment, restaurants, Route 20, Route 47 & Minutes to I-90 for easy commuting. Highly Rated School District 300. NO SSA Tax.
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.
