Welcome to 31 Clinton Court B, a beautifully maintained 2BR/2.5BA townhome that combines space, comfort, and value. Rich hardwood floors extend throughout the spacious main level, featuring an oversized living room, formal dining area, and generously sized kitchen ideal for both daily living and entertaining. Upstairs, the private primary suite offers a peaceful retreat, while the second bedroom also includes its own full bath. Enjoy a fenced courtyard, lovely garden views from the living room, and abundant green space that adds to the home's sense of privacy. The community heated pool is just a short walk away. Ideally situated and thoughtfully cared for, this appealing townhome is a standout opportunity in an attractive price range with a layout that lives larger than expected. Love the location and easy lifestyle this community offers. Stamford at Royal Palm Beach puts you close to the everyday spots buyers care about, including Publix and Costco Wholesale just a short drive away. Commons Park is nearby for walking, relaxing, and enjoying the outdoors, with plenty of green space and a great local feel. When it's time to go out, Wellington is right next door with a wide range of restaurants including Cooper's Hawk Winery & Restaurant, Kaluz Restaurant, Lemongrass Asian Bistro, and Franco Italian Bistro, along with plenty of casual dining options. The HOA adds strong value by covering cable, lawn care, exterior maintenance, roof, exterior insurance, and access to the community pool—making for a low-maintenance ownership experience. Between the convenience, nearby parks, shopping, and dining options, this is a location that makes everyday living simple and enjoyable.
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.
