Nestled in the charming South River Colony, this Colonial townhouse offers the perfect blend of comfort and modern living with 2,196 sq. ft. of thoughtfully designed space. The home features three bedrooms, two full and one 1/2 bath and an inviting open floor plan that seamlessly connects the living and dining areas. The brand new front door and windows draw you into the home and you will fall in love when you walk through the door and see the beautiful newly installed LVP flooring, recessed lighting, and a large dining area and upgraded kitchen. The kitchen includes an island, gorgeous ceramic tile flooring, upgraded appliances for everyday convenience and a newly installed gas range. Step outside to a private deck overlooking an open common area, providing a serene setting for morning coffee or evening gatherings. As you make your way upstairs, you will want to take your shoes off there is brand new carpet on the steps, the upstairs hallway and all three bedrooms have amazing hardwood flooring. The Primary Bedroom includes a walk-in closet and its own ensuite w/ shower stall. As you make your way down to the lower-level your shoes will be off again…brand new carpet has been installed. The LL rec/family room includes the same gorgeous ceramic tile flooring that is in the kitchen, and the room features a gas fireplace w/ mantel. Off the rec/family room you will find your utility space w/ washer/dryer, storage and a door to your attached garage and driveway offering you easy parking or extra storage. Community amenities truly elevate the lifestyle, featuring an outdoor pool, tennis and basketball courts, scenic walking and biking trails, and beautifully maintained common areas. Sellers have made amazing new improvements: windows, front door, carpet, LVP flooring, combo smoke/carbon monoxide detectors and fresh paint throughout. Additional major items of note the Roof was replaced in 2025. This home offers a worry-free lifestyle in a vibrant, welcoming community— and the highly regarded schools add to the home’s appeal. Truly a place to call home, professional photos will be uploaded by April 14th, on market date scheduled for April 16th. Schedule your showing today or visit our upcoming Open House on April 18th.
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.
