Welcome to this stunning home in the highly sought-after Augustine North Golf Course community! Step inside the foyer and onto beautiful Brazilian Cherry hardwood flooring that flows throughout the main level. As you glide through the home you will enter the lovely front study with built-ins, formal living room and a separate grand dining room. Then wonder into the the newer renovated gourmet kitchen with dining area, which is a true showstopper! The kitchen is complete with quartz countertops, new appliances, large island and a glazed ceramic subway tile backsplash. Just off the kitchen dining is the lovely family room which is perfect for both everyday living and entertaining. Also off the kitchen dining area you can step out onto the newer updated deck overlooking a fenced backyard with lovely landscaping and a lush tree line (blooms in spring), offering privacy and a peaceful setting. This premium lot backs to the 13th fairway of the Augustine Golf Course. The landscaping soon to bloom has geraniums, peonies, lavender and more! On the upper level, you’ll find generously sized bedrooms with ample closet space, including a luxurious primary en-suite. The primary suite is large with with a separate sitting area, walk in closet and charming dormer window spaces. The spa-like en-suite bathroom features dual vanities with granite countertops, a soaking tub framed by large corner windows, and a walk-in shower. A convenient laundry chute adds ease, leading directly to the main-level laundry room. The fully finished basement has new LVP flooring and offers incredible additional living and entertaining space, including a fifth bedroom (to code), full bathroom, two spacious recreation areas, workout room, a newly finished craft and hobby room and an impressive custom wet bar with glass cabinetry and a beautiful large wine display case. From here, walk out to a brick-paved patio surrounded by beautifully maintained hardscaping. Imagine yourself relaxing on the patio with an evening beverage while sitting by a fire-pit. What a perfect setting to entertain family and friends! This home has been thoughtfully updated with major systems including HVAC, roof, siding, water heater, dishwasher all under nine years old. Most recent updates are new LVP flooring in the basement, newly finished craft & hobby room and new kitchen refrigerator, built-in microwave and range and play equipment. Home has underground sprinkler system. Residents of Augustine North enjoy exceptional community amenities, including walking and jogging paths, beautifully maintained grounds, tennis and pickle-ball courts, a community center with an outdoor pool, and a picturesque golf course lake setting. The neighborhood also hosts a variety of family-friendly events throughout the year, creating a true sense of community. Don’t miss the opportunity to make 45 Lightfoot Drive your next 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.
