Welcome to 5320 Linkshire Ln, a craftsman home located on over ½ acre of land on the 9th hole of Brickshire and fully upgraded with gorgeous details throughout. The first thing that strikes you is its stately positioning on the lush lot, as well as its THREE car garage setup. From here, step up to the full front porch to head inside where you are welcomed by a spacious foyer and open sightlines throughout. To your right, you will find your formal dining room. To your left, barn doors welcome you into an light filled office. Flow through the home to find your family room - a large space with a gas fireplace flanked by custom built-in cabinetry and huge windows overlooking the screened porch. This space is fully open to the kitchen, which features its contemporary design, quartz counters, ceramic apron sink, upgraded appliances, gas cooking, and pot filler! You’ll find an additional casual dining space directly off of the kitchen, as well as a butlers pantry with a beverage cooler. Tucked down the hall is a first floor primary suite with a en suite bath. Don't miss the mudroom off the garage and a powder room on this level before heading upstairs to find a large loft area with built-in storage - great for a hang-out space - as well as a laundry room with soaking sink, quartz counters, and custom cabinetry to maximize storage. There is a jack&jill bath connecting two of the bedrooms with dedicated sink space for each. Upstairs you have a total of 4 bedrooms, including an owner’s suite with a spa-like en suite bath, 2 separate vanity spaces, large freestanding soaking tub, glass-encased shower with built-in bench, and water closet. Heading downstairs and out the back door, you won’t want to miss the screened porch and amazing back deck with views of a fenced lawn lined with trees providing privacy between home and golf course. This home checks all the boxes, truly too many to mention! But just to mention a couple more… custom black trim windows, tankless water heater, 220V in garage, irrigation, and more!
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.
