Welcome to 2840 Red Star Lane, a beautifully upgraded four-level townhome in the sought-after Towns at South Alex community. Offering 3 bedrooms, 3 full baths, 2 half baths, and thoughtfully designed living spaces throughout, this residence seamlessly blends modern style, exceptional craftsmanship, and everyday convenience. An attached two-car garage and two-car driveway provide parking for four vehicles, while convenient guest parking is located directly across the street. The home also conveys with one guest parking pass. **From the moment you step inside, you'll notice the attention to detail. The dramatic entry-level recreation room features soaring 12-foot ceilings and a stunning custom floor-to-ceiling stone accent wall anchored by a 70-inch linear gas fireplace with LED lighting, custom soft-close cabinetry, leathered quartz surfaces, glass shelving, and integrated smart lighting. Designed with entertaining in mind, this level also includes a professionally wired 9-6-2 surround-sound system with a dedicated A/V closet, including an in-wall HDMI run to an insulated nook for a 77-inch television directly above the fireplace. Professional-level ceiling-mounted ATMOS speakers convey, creating an immersive media experience that rivals any theater. **The main living level is equally impressive, showcasing wide-plank hardwood flooring, open railings, recessed lighting, and an expansive chef's kitchen at the heart of the home. The custom 13-foot island, quartz countertops, ceiling-height herringbone backsplash, soft-close cabinetry, under-cabinet lighting, and premium Bosch appliances create a space that is as functional as it is beautiful. Just off the dining area, a private deck provides the perfect spot to enjoy morning coffee or unwind at the end of the day. **The upper levels offer comfortable and flexible living spaces. The spacious primary suite includes a spa-inspired ensuite bath featuring a soaking tub, a frameless glass shower, dual sinks, custom tilework, quartz countertops, and designer finishes. This floor also offers an additional bedroom, laundry room, and full bath. The bedroom includes a queen Murphy bed surrounded by custom-designed storage and a dedicated work-from-home space, offering exceptional versatility. **The top level is ornamented by a 12-foot, show-stopping chandelier, leading to the third expansive bedroom with an ensuite bath. A spectacular rooftop terrace provides an ideal setting for outdoor dining, entertaining, or simply enjoying sunset views. With more than $62,000 in post-settlement improvements, this home is truly one of a kind. Additional enhancements include designer lighting, custom garage storage with hardwood flooring, a dehumidification system, security and home automation features, and a beautifully finished stone patio. **Located just moments from shopping, dining, coffee shops, major commuter routes, and the Huntington Metro, this home offers an exceptional combination of style, convenience, and modern living. **A rare opportunity to own a thoughtfully upgraded residence where luxury finishes, smart-home functionality, exceptional entertaining spaces, and rare four-car parking are complemented by convenient guest parking just steps away.
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.
