*Over $250K in Seller Upgrades added in the first year of this new home* Welcome to your new home—an upscale smart basement home nestled on a picturesque wooded property. Step inside this meticulously maintained luxurious two-story residence, which boasts an open floor plan adorned with beautiful wood flooring throughout. Indulge in the spacious gourmet kitchen, a chef’s dream equipped with JennAir appliances, including a smart double oven, induction cooktop, and more. The chic quartz countertops feature a striking waterfall island, complemented by floor-to-ceiling cabinets with soft-close mechanisms and bar seating. On the main level, an open office space is complemented by custom bookshelves with LED lighting and shutters. A stunning dining room leads to the reimagined pantry, which includes a coffee bar, beverage center, and wine racks, seamlessly connecting to the butler’s pantry for effortless entertaining. High-end speakers are strategically placed throughout the home, providing music and surround sound at your fingertips. The open-concept great room centers around a sleek linear fireplace with built-ins, flowing effortlessly into a private covered deck with a fireplace and outdoor television, accessible through expansive multi-panel sliding glass doors. The main level features a bedroom with an adjacent full bath and a mudroom equipped with custom built-ins. Shutters adorn the front windows, while automated roller shades provide privacy in the back. Ascend the stunning wood-tread staircase, which features an open railing with iron rods that will captivate any observer. Upstairs, a spacious loft offers versatile space for an additional lounge area. At the end of the hallway lies a luxurious large primary suite, a true light-filled retreat adorned with soffit ceiling detailing, a custom walk-in closet, and a spa-like bathroom. This bathroom boasts a Kohler digital smart spa shower with body sprays and a rain showerhead, a freestanding tub, and LED mirrors. Additionally, upstairs, you’ll find three well-sized secondary bedrooms, each featuring custom-designed closets and a laundry room equipped with a sink, hanging rod, cabinets, and quartz countertops. This home stands out with its luxurious fully finished walk-out basement. Here, you’ll find a bedroom, a spacious full bath featuring a stunning floor-to-ceiling tiled shower and an LED mirror, a kitchenette equipped with shaker soft-close cabinets, a game room, storage rooms, automated roller shades, and a breathtaking home theater with exceptional sound, lighting, and risers. The expansive 2-car oversized garage is a haven for those who value organization. It’s meticulously designed with a modular floor, NewAge Cabinets, SafeRacks, slat walls, bike racks, a car charger outlet, and a tankless water heater. The serene backyard is fully fenced, providing ample space for hours of enjoyable activities. Nestled within the highly sought-after Griffith Lakes master-planned community, this home offers residents access to resort-style amenities. These include a kayak launch, a magnificent oversized clubhouse with a catering kitchen, tennis and pickleball courts, a fitness center equipped with a Peloton Bike, a pool, hot tub, cabanas, grilling stations, a fire pit, a fenced dog park, a community playground, and walking trails. To top it off, lawn maintenance is included in the HOA. Strategically located, this premier residence boasts quick access to major highways like I-77, I-85, and I-485. It’s just minutes away from the vibrant Uptown Charlotte area, UNC Charlotte, UNC Research Park, Lake Norman, upscale shopping, dining, and entertainment options. With pride of ownership, this home offers an exceptional living experience. Schedule your private tour today! *Seller is offering $10K to use for rate buy-down*.
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.
