Welcome home! This beauty, nestled in the sought-after, gated community of Woodbridge Crossing! Refreshed Kitchen Cabinets, and new Backsplash! Interior painted throughout! This spacious residence boasts one of the largest and most desired floorplans in this community, featuring three levels, to include 4 BR and 4.5 BA. Step inside to discover the inviting partial open floor plan, adorned with hardwoods throughout the main level. The heart of the home is the newly refreshed, well-appointed kitchen, complete with rich cabinetry, an oversized island, granite countertops, and stainless steel appliances. The kitchen seamlessly flows into the spacious family room, perfect for quality time with family, and entertaining. Upstairs, you will find new carpet throughout, an oversized owner's suite, with sitting area, and large dual closets. Tired from a long work day? Why not retreat to the balcony that extends from the owner's suite? Two of the secondary bedrooms share a Jack n Jill bathroom. The fourth bedroom is graciously sized, and features a full bathroom. Conveniently, also located upstairs, is the laundry room, ensuring ease and efficiency in daily chores. But, the true highlight of this home is the third level. This additional space adds versatility and functionality to the property, catering to a variety of lifestyle needs. This space features a full bathroom, and can serve as a fifth bedroom. It's perfect for guests, or a teenager wanting their own space. It is also perfect to use as a flex space, office or playroom. Woodbridge Crossing offers a delightful gated community experience with amenities such as a covered bridge overlooking a creek, a kids' playground, sidewalks, and a saltwater pool with a clubhouse. Tucked away, yet conveniently close to the Silver Comet Trail. This location provides easy access to shopping, Smyrna Market Village, restaurants, midtown, the battery, and the airport. This wonderful home is ready to welcome you. A blank canvas, awaiting your special touch. Don't miss the opportunity to make it yours! **This well-maintained home has been lovingly cared for and is in great condition-there are no mechanical or structural concerns. The price adjustments reflect the seller's motivation due to life changes, not issues with the property. This is a wonderful opportunity to purchase a move-in ready home at a price that is well below appraised value.**
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.
