Nestled in the charming Applegate North community, this exquisite Colonial townhouse offers a perfect blend of modern luxury and timeless elegance. With 2,340 square feet of thoughtfully designed living space, this home invites you to experience a lifestyle of comfort and sophistication. Step inside to discover a beautifully finished interior that exudes warmth and style. The heart of the home is the gourmet kitchen, equipped with high-end appliances that cater to both culinary enthusiasts and casual cooks alike. The built-in microwave and electric oven/range make meal preparation a breeze, while the sleek dishwasher and disposal ensure effortless cleanup. The refrigerator provides ample space for all your culinary delights, making entertaining a joy. The spacious living areas are perfect for relaxation and gatherings, with an inviting atmosphere that encourages you to unwind after a long day. The fully finished basement, complete with garage access, offers additional space for recreation or storage, enhancing the functionality of this remarkable home. Retreat to the generously sized bedroom, where comfort meets style. The well-appointed bathroom facilities are designed for convenience, ensuring that your daily routines are both efficient and enjoyable. Outside, the property features an attached garage with front entry, providing both security and ease of access. The low-maintenance vinyl siding adds to the home's appeal, allowing you to spend more time enjoying your surroundings rather than worrying about upkeep. With a lot size of 0.04 acres, this property strikes the perfect balance between cozy living and outdoor enjoyment. While there is no pool, the community offers a serene environment that encourages leisurely strolls and a sense of belonging. This home is not just a place to live; it's a lifestyle choice that embodies comfort, elegance, and convenience. Experience the best of townhouse living in Applegate North, where every detail has been crafted to enhance your everyday life. Embrace the opportunity to make this stunning property your own and enjoy the luxurious lifestyle it offers.
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.
