Beautifully Updated Home Across from the Park! Step outside and take in the serenity of your own waterfall feature while overlooking the park across the street—an ideal backdrop for both relaxation and watching kids enjoy outdoor play. This stunning 4-bedroom, 3.5-bath home has finished basement, 3-car garage & St. Louis Closet Company built-ins in every closet incl office and craft room. Main level features 9’ ceilings, tall baseboards & luxury vinyl plank flooring throughout. At the heart of the home is a show-stopping GOURMET KITCHEN, anchored by a 10’ island w/ cabinets on all sides & a custom cabinet for your KitchenAid mixer. Additional highlights include quartz countertops, custom cabinetry w/ crown molding, designer backsplash, GE Cafe appliances including Refrigerator, French-door oven & Advantium, Monogram 4-burner gas cooktop with griddle, pot filler, undermount sink, wine cooler, walk-in custom pantry & built-in bench seating in the dining area. The living room is warmed by a custom stone gas fireplace, while a private office with custom built-in desk provides the perfect work-from-home space. An add'l flexible living area can serve as a study, dining room, game room, or second living room. A stylish powder room & nice size laundry/mudroom complete the main level, all accented by plantation shutters and custom draperies. Upstairs, retreat to the primary suite w/ custom closet, adult-height dual vanity, stand-alone shower & linen closet. 3 additional bedrooms, linen closet, and a full bath complete the upper level. The professionally finished lower level is designed for entertaining, offering a large recreation room with wet bar, full bath, and a custom craft room with Murphy bed, plus the added bonus of two egress windows, endless hot water tank, water softener, and dual HVAC systems. Step outside to a charming courtyard with pavers and an outdoor TV area, perfect for hosting game days or relaxing evenings. The attached 3-car garage and extended driveway with room for 3 additional vehicles! When you live in New Town you have access to so many amenities including parks; lakes/canals to swim, kayak, paddle board, float, fish; pools & one pool having 700 ' of lazy river, outdoor amphitheater, walkable stores, restaurants, volleyball leagues, pickleball leagues, fitness center and so much more!
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.
