One of the lowest ppsqft homes in The Cove! This absolutely stunning POOL HOME in the desirable Bunkers Cove has been masterfully and COMPLETELY RENOVATED from top to bottom. The inviting front porch welcomes you into the front sitting room - where the charming fireplace and stylish decor immediately set a tone of warmth and luxury. Quartz countertops and stainless steel appliances highlight the gleaming kitchen while sleek vinyl plank flooring extends throughout the entire home - no carpet! With 4 bedrooms and 2.5 baths, the semi-open floor plan connects multiple living and flex spaces with endless possibilities. Whether you envision a dedicated home office, a hobby room, or a private home gym, this residence has the square footage and intelligent layout to accommodate your preferences The primary suite is a true retreat. Its gorgeous en-suite bathroom features both a timeless clawfoot tub and a separate, beautifully tiled walk-in shower with frameless glass. The real game-changer is the massive walk-in closet, which includes its own private laundry hookup for convenience. Upstairs in the loft area, an additional spacious bedroom offers a private balcony overlooking the incredible backyard. The sparkling in-ground pool is framed by durable, low-maintenance Trex decking, which creates an expansive and impressive space designed for endless outdoor enjoyment. The spacious patio offers ample room for grilling and hosting, all within the fully-fenced yard that provides privacy plus convenient back alley access. This property offers more than just cosmetic beauty; it provides true peace of mind. The renovations were not just an aesthetic refresh, but a comprehensive update with key systems upgraded, including the 2019 roof, two high-efficiency HVAC systems, two water heaters (one tankless), new siding, new windows, fully updated electrical and plumbing, plus energy-saving spray foam insulation. To complete this truly turnkey experience, the home is expertly furnished, with all furnishings negotiable with the sale of the home. With its rare combination of size, style, and top-to-bottom renovation in an unbeatable Bunkers Cove location, this home truly has it all. Schedule your private showing today and prepare to fall in love!
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.
