Better Than New & Perfectly Located! Meticulously maintained by its original owners, this is the only Inverness built “Cortland” model in the Carriage Trail Community and on a highly coveted POND Lot view, this One-of-a-Kind Property pairs 2,300 Square Feet of Main-floor Living with an additional approximately 2,300 Square Feet of beautifully Finished Basement space. This home warmly welcomes you into the Expansive Entry with Transom Window & Vaulted Ceiling leading into the Open Floorplan Plan- highlighting the 9’ Ceilings on the main floor and boasts this Chef’s Kitchen with 36” Aristokraft Cabinetry, Name Brand Appliances - 3 Ovens, Electric Range Cooktop, Microwave & Dishwasher, Oversized 8’ Pantry with Eat-In Kitchen and Bar Height Counter perfect for entertaining with Fantastic, Sunny Dining Area easily fits 12 person Table Settings, and Accommodating Living Room - all with upgraded Can Lights, Lighting Fixtures, additional Large Windows with Craftsman Moldings highlighting the Sunshine throughout & views of the pond & perennials, and mature landscaping! Enjoy the 12x17 Covered, Trex Deck with Vaulted Ceiling with Fan/Light on Concrete Foundation plus a 16x19 Concrete Patio with FULLY Fenced Yard and Shed. The Large Primary Bedroom En Suite features French, Arch Panel doors that lead into the wonderful Spa Bathroom with 6’ Tile Shower and Dual Showerheads, Dual sinks and Vanity Tower with Medicine Cabinet and Oversized 12x7 Walk-in Closet. The Split Staircase opens into the Finished Basement- complete with Massive Rec Room with 3 egress Windows with Window Wells, Brand New Carpeted Family Room, quiet Office, and 4th Bedroom complete with Egress Window, 2 Closets, built-in Headboard & nightstand Nooks with dimmer Lights, and Brand NEW Full Bathroom completed with custom Tile Shower. Enjoy peace of mind with the Newer Dimensional Shingle Roof and Newer Siding- Fresh Paint and many updates! Ask the Listing Agent for more details & schedule your private showing!
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.
