Look no further!! Tucked away on a serene street, this charming end of row townhouse offers a peaceful retreat. This three-story townhouse combines classic charm with modern amenities and embodies comfort and functionality. It is move in ready and has everything you are looking for. There is nothing for you to do, but move in. Once inside you will be surprised by the spaciousness of the home. As you enter, the foyer provides ample room to kick off your shoes and hang coats. Abundant natural light streams through the bay window letting in gorgeous light into your kitchen. The kitchen is a great space perfect for engaging with family and friends while cooking dinners and parties. This kitchen is adorned with a beautiful island, pantry space, and plenty of cabinetry and counterspace. Right off of the kitchen you will find a ½ bath, by the entry, for the ease of guests. The dining room and living room is spacious and yet at the same time, cozy, warm and inviting. Perfect for parties, watching sporting events, as well as Friday nights hanging out on the couch watching your favorite movies. The fireplace offers a great place to hang out during the winter! Upstairs you find 3 bedrooms and 2 full bathrooms. The primary bedroom has its own ensuite bathroom (shower) and then there is a hall bathroom with a (shower/tub). The basement has a family room and down the hall is the laundry area/utility space as well as a second ½ bath. The exterior is fantastic for hanging out with friends and family in a very large backyard that is completely fenced in with a wide gate for ease and a large spacious deck that has been recently painted and is ready for fun and laughter! If you want you can also cross the street to the newly redesigned Oak Hurst playground. Meticulously cared for this home embodies a perfect blend of thoughtful design, serene surroundings, and contemporary convenience, promising a haven where every detail contributes to a life well-lived. New roof as of 2024, fence as of 2023, new water heater in 2021, and a new washer in 2017. This is a terrific home in a sweet location, convenient to stores, restaurants and amenities! You will not be disappointed.
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.
