Tucked inside a charming gated community of just 51 residences, 2687 Brookside Bluff delivers space, style, and thoughtful updates across more than 3,200 square feet. This 5-bedroom, 3-bathroom home sits on a beautifully maintained corner lot, where mature landscaping and an extended paver driveway provide both curb appeal and plenty of room for guest parking. Large FULLY FENCED backyard! Updated exterior finishes, refreshed pavers, and glass double front doors create a warm and refined welcome. NEW ROOF 2024! Step inside to find a home that has been extensively refreshed with upscale details, including decorative wainscoting, crown molding, and custom trim accents throughout. The kitchen has been modernized with trendy cabinetry, updated fixtures, and sleek hardware, offering a clean, contemporary feel. With multiple gathering areas, the layout is ideal for both entertaining and everyday comfort. Enjoy a formal dining room, a main living space, a cozy breakfast nook, and a large bonus room at the back of the home. The primary suite is positioned at the front of the home and features two walk-in closets along with a spacious en-suite bath complete with a soaking tub, walk-in shower, dual vanities, and new countertops. One guest bedroom is located in the back of the home with a guest bathroom nearby, while the other two guest bedrooms share a “Jack-and-Jill” style bathroom. Upstairs, the fifth bedroom offers flexibility for a home office, playroom, or media space. The two-car garage includes added storage with built-in shelving. Recent upgrades such as one 2023 HVAC system, 2022 water softener, and 2022 water heater ensure the home is move-in ready with modern conveniences already in place.
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.
