Living in Ashcrest at Indian Lake is about a lifestyle - quick and easy access to almost every convenience, yet located a short walk to nature. No Neighbors behind you. This Premium Lot backs up to common area &tree-lined walking trails for a picnic, a quick run or a night out. The front exterior of the 2-story home presents a romantic double balcony. Craftsman finishes include crown molding, 9’ ceilings throughout, and interior shutters. Downstairs is open concept with hardwood floors, gas fireplace and open sightlines. The gourmet Kitchen, where everyone gathers, features granite countertops, designer cabinetry, stainless steel appliances, double oven, gas cooktop, built-in microwave, vent hood, and pantry. All Bedrooms located upstairs, with a Large Primary Bedroom Suite & generous Walk-in-Closet. Second floor offers 2 additional Bedrooms, second Full Bath, Bonus room and separate Laundry Room. NEW LVP flooring upstairs in Primary Bedroom, Bonus Room & Hallways. When going out, a drop zone is just off the kitchen leading to a 2-car Garage. Step outside into beautiful green paths with options – walk thru green space to the HOA Playground and Dog Park. Or take a tree-lined walk or run over a bridge leading to the nearby public Library and Drake Creek Park. Along winding trails, the park offers shady & sunny spots with picnic tables to enjoy nature & the sounds of Drake Creek. Or, take a stroll on the walkways to “The Streets” of Indian Lake development for relaxing dinner at top-rated restaurants, music, shopping coffee shops, and more. This area offers the convenience of city living without having to sacrifice proximity to nature. Open parking in the rear and the front for when you entertain. Low maintenance exterior with most yardwork performed by HOA. Seller concessions available - terms & conditions apply. Buyers/Buyer's agent to confirm all pertinent information. All info believe to be accurate but not guaranteed. SEE BOTH VIDEO TOURS BELOW.
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.
