Designed with intention by Tom Stahl Designs, this custom residence offers a rare opportunity to own something truly unique. Every space has been thoughtfully crafted to deliver both comfort and character, blending timeless design with everyday functionality.With over 2,500 square feet, this home features 4 bedrooms, 2 full baths, and 2 half baths, including a spacious bonus room with its own half bath, perfect for guests, a private retreat, or a flex space tailored to your lifestyle.The main living areas welcome you with high ceilings, natural flow, and a warm, inviting atmosphere centered around a gas fireplace. The kitchen is equipped with stainless steel appliances, a tankless water heater, and everything you need for both daily living and entertaining.The primary suite is designed as a personal escape, featuring a spa-like bathroom complete with a steam shower and whirlpool tub, creating a true at-home wellness experience.Step outside and enjoy a private, fenced backyard with a screened porch, ideal for relaxing evenings or hosting gatherings. Additional features include smart home elements, security cameras, and a 2-car garage.Located in the established Asbury community, this home offers the perfect balance of privacy, space, and convenience.If you’ve been waiting for a home that stands out, this is it.Preferred Lender offering 1% lender credit toward buyer’s closing costs (subject to approval): Jeremy Casiano, Loan Officer (NMLS #2479989) Cell: 910-964-1255 Email: jcasiano@alcova.com Website: alcova.com/loan-officer/jcasiano
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.
