Welcome to 3452 Charlestowne Crossing Ct., a beautiful two story in immaculate condition with lots and lots of extras. Step inside the front door to a beautiful two story foyer with warm walnut colored plank flooring and a view of the dining room. Inside you'll find an open floor plan kitchen with upgraded quartz countertops, stainless appliances, walk in pantry, and island. The kitchen is open to the breakfast area and family room w/ fireplace. Also located on the main floor is a half bath and laundry. Before you go upstairs, step out back to the enlarged patio with pergola and hot tub. Yes, pergola and hot tub convey with the property. The back yard has gorgeous turf which is visible in the pictures (we took them last fall), a sprinkler system, and it's fenced for your two and four legged friends. Step back inside, downstairs is an unfinished basement with a roughed in bath should you want to finish this area in the future. For now, there's storage galore. Go upstairs to four bedrooms, all with lots of natural light, beautiful flooring, and once again pristine condition. The master bedroom is generously sized with views of the beautiful back yard. The master bath offers a large walk in closet, double vanity, separate tub and shower. The other three bedrooms share the hall bath with tub/shower combo. Whether you choose to entertain family and friends inside or out, you'll find the spaces provided with this home are generous and inviting. When your guests arrive, you'll have plenty of room for them to park off street on your expanded front driveway. Formal dining, you've got that. Casual friends, let's eat in the kitchen. Grilling tonight, a spacious patio, pergola, and hot tub await. Got a big family, use them all at the same time. Please check out our list of improvements included in the marketing binder at the home and found in the MLS supplements. Showings begin Wednesday March 18th at 4 p.m. Offers presented upon receipt.
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.
