Nestled in the prestigious Riverfront community, this exquisite end-of-row townhouse offers a harmonious blend of luxury and comfort, perfect for those seeking an elevated lifestyle. This residence boasts a timeless Colonial architectural style, enhanced by its meticulously maintained exterior featuring elegant vinyl siding. Step inside to discover a thoughtfully designed interior that exudes warmth and sophistication. The spacious layout encompasses beautiful finishes of living space, where every detail has been curated for both style and functionality. The combination dining and living area invites you to unwind, while the dining area off the kitchen creates an ideal space for gatherings. Crown moldings and recessed lighting add a touch of elegance, illuminating the rich textures of engineered wood and luxury vinyl tile flooring. The heart of the home is undoubtedly the gourmet kitchen, complete with modern appliances including a gas oven/range, refrigerator, and dishwasher. An eat-in area provides a cozy spot for casual meals, while the seamless flow into the dining and living spaces ensures that entertaining is effortless. Retreat to the serene bathroom, featuring both a walk-in shower and a tub shower, offering a spa-like experience right at home. The convenience of a main floor laundry area, equipped with a stacked washer and dryer, adds to the ease of daily living. As you explore further, the inviting ambiance is complemented by a gas fireplace, perfect for cozy evenings. The outdoor space features a charming patio, ideal for enjoying morning coffee or evening sunsets overlooking the tranquil river view. Residents of this exclusive community enjoy a wealth of amenities, including a state-of-the-art fitness center, fostering an active and vibrant lifestyle. The association fee covers essential services such as lawn maintenance, snow removal, and trash collection, allowing you to focus on what truly matters. With a security system in place, peace of mind is paramount. This property is not just a home; it's a lifestyle choice that embodies luxury, comfort, and community. Experience the best of Riverfront living, where every day feels like a retreat. Please Note : Seller is contingent on finding suitable housing
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.
