Beautiful Brick-Front End-Unit Townhome Offering Over 3,100 Square Feet of Spacious Living with FULLY PAID-OFF SOLAR PANELS! Enjoy the benefits of reduced energy costs and increased efficiency without the burden of a lease or loan payment. This light-filled home features a highly desirable dual staircase design with access to the upper level from both the grand foyer and the family room. Freshly updated with brand-new carpet throughout the home (basement carpet professionally cleaned), this property is truly move-in ready. The gourmet kitchen is designed to impress with 42" cabinetry, granite countertops, electric cooktop, double wall ovens, built-in microwave, and ample prep space for cooking and entertaining. Elegant Brazilian Cherry hardwood floors flow throughout the living room, dining room, kitchen, and breakfast area, adding warmth and timeless character. The expansive family room offers the perfect gathering space, while the entry-level office/den provides flexibility for working from home, hobbies, or a guest space. The luxurious primary suite features a spacious sitting area, dual walk-in closets, and an ensuite bath complete with dual vanities, a soaking garden tub, and a separate shower. Enjoy the ambiance of the stunning three-sided gas fireplace, perfectly positioned between the kitchen and living room to create an inviting atmosphere throughout the main level. Step outside to a brand-new deck, ideal for entertaining, grilling, or simply relaxing outdoors. The fenced rear and side yards provide additional privacy and outdoor enjoyment. Additional highlights include a detached two-car garage, rear alley access, FULLY PAID-OFF SOLAR PANELS, a HVAC system replaced in 2020, Hot Water Heater in 2023, and a new composite deck off the kitchen in 2023. This exceptional end-unit combines generous living space, valuable energy-saving upgrades, modern updates, and an unbeatable layout. With over 3,100 square feet, a brand-new deck, paid-off solar, and a prime end-unit location, this home offers the perfect blend of comfort, efficiency, and long-term value. Don't miss your opportunity to make it yours!
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.
