Welcome to 4003 Key Thatch Court -- a beautifully maintained home tucked away on a gorgeous cul-de-sac, offering the perfect blend of comfort, charm, and thoughtful updates. Built in 2007 and proudly owned by the original owners, this 4-bedroom, 2.5-bathroom home offers approximately 2,298 square feet of inviting living space that has been lovingly cared for over the years.From the moment you walk inside, you are welcomed by a spacious living area centered around a stunning fireplace that serves as the heart of the home. The layout flows seamlessly into a formal dining area while also offering an eat-in kitchen nook, creating the perfect setup for entertaining, holidays, or everyday living. Enjoy peaceful mornings on the charming front porch overlooking the cul-de-sac, or relax in the fully screened rear porch designed for year-round enjoyment. All four bedrooms offer fantastic space and flexibility, providing room for growing families, guests, home offices, or hobbies. The primary bedroom is honestly so large you can add a sitting are in or a library. Over the years, the sellers have invested heavily into maintaining and updating the home, giving buyers peace of mind and true move-in-ready confidence. Recent updates include a new roof and HVAC system installed approximately 3 years ago, a hot water heater replaced just 1 year ago, newer kitchen appliances, updated LVP flooring, refreshed interior paint, and updated lighting throughout the downstairs living spaces. The washer and dryer are less than a year old and may convey with an acceptable offer. The rear screened porch screens are also scheduled to be replaced. For added assurance, the home has already undergone an independent home inspection that can be made available upon request. This home has been filled with years of love, laughter, and memories, and now it is ready for its next chapter. Located on a beautiful cul-de-sac and offering so many major updates already completed, 4003 Key Thatcher Court is truly the perfect place for your buyer to call home.
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.
