Wake up each day to the peaceful atmosphere of Fairfield Plantation, a gated community designed for relaxed, resort-style living. Mornings might begin with coffee on the covered front patio, followed by a walk through the neighborhood’s scenic surroundings or a quick trip to the lake to enjoy the view. This beautifully maintained home offers the perfect place to enjoy everything the community has to offer while providing comfortable, thoughtfully designed living spaces inside. The home features hardwood floors throughout main living area and a functional layout with the primary suite conveniently located on the main level. The eat-in kitchen is both stylish and practical, complete with granite countertops, stainless steel appliances, and a breakfast bar that opens to the main living area—creating an inviting space for gathering and everyday living. A walk-in laundry room and half bath on the main level add convenience to the home’s well-planned design. The primary suite serves as a private retreat with a large walk-in closet, double vanity, soaking tub, and separate stand-up shower. Upstairs, you’ll find two additional bedrooms, a full bathroom, and an extra media or living space, offering flexibility for guests, hobbies, or entertainment. Outdoor spaces continue the relaxing theme with a covered front patio and back patio, perfect for unwinding at the end of the day or hosting casual gatherings. Living in Fairfield Plantation feels like being on vacation year-round. Residents enjoy access to a championship golf course, multiple swimming pools, tennis courts, and a beautiful lake with beach access where boating, fishing, and lakeside relaxation are part of everyday life. The community also features walking trails, green spaces, and on-site dining, creating a welcoming environment where neighbors gather and outdoor recreation is always close by.With its inviting home design and access to exceptional amenities, this property offers a unique opportunity to enjoy a lifestyle that blends comfort, recreation, and the peaceful feel of a private resort community.
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.
