Welcome to 514 Levanna Lane, a pristine and beautifully maintained 2400+ square foot four-bedroom end-unit townhouse located in the highly sought-after Tanyard Shores community. This exceptional home still shows like brand new and stands out as one of the larger single-car garage models in the neighborhood, featuring substantial bump-outs on three of the four interior levels, with the fourth level extending to an expanded rooftop deck—creating noticeably more living and entertaining space throughout. The home offers thoughtful upgrades including hardwood flooring on all staircases and elegant crown molding throughout. Spanning four fully finished levels, it includes two full baths and three half baths with a versatile and functional layout. The entry level provides a spacious recreation room with a half bath, ideal for a home office, guest space, or additional living area. The main level showcases an open-concept design with the kitchen at the center, a half bath, and access to a private deck—perfect for morning coffee, grilling, or casual outdoor dining. The added bump-out enhances the overall openness and flow of this level. The third floor features three well-sized bedrooms, including a primary suite with a generous walk-in closet and an expansive private bath. Two additional bedrooms share a full hallway bath, with the bump-out creating additional square footage not typically found in comparable units. The top level offers a large loft with a half bath, providing flexible space that can serve as a fourth bedroom, office, fitness room, or media area. From here, step out onto the oversized private rooftop deck, made even more impressive by the extended footprint—ideal for relaxing or entertaining. Additional highlights include a one-car garage with a private driveway and ample visitor parking nearby. The owner will be relocating out of the area, and all furnishings within the home are available for purchase by the buyer, offering a convenient and turnkey opportunity. Residents of Tanyard Shores enjoy outstanding amenities, including a community pool, clubhouse, fitness center, dog park, boat ramp and dock, and scenic wooded walking trails—providing exceptional opportunities for recreation and leisure close to home. Whether this is your first home or your next move, 514 Levanna Lane delivers generous living space, distinctive design advantages, an excellent location, and a vibrant community rich with charm.
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.
