Built in 2019 and transformed into a customized masterpiece, this home offers a turnkey living experience with thoughtful upgrades and pride of ownership throughout. From the moment you arrive, the attention to detail is evident—both inside and out—creating a refined, move-in-ready retreat in a highly desirable location. Inside, the home features a fresh neutral palette throughout the main living areas, premium lighting fixtures, and custom finishes that elevate every space. Highlights include a striking marble fireplace with custom-built matching cabinets and shelving, a complete kitchen and butler’s pantry backsplash, surround sound in the living room with convenient TV outlets, and fully custom window treatments—including plantation shutters and Roman shades. Additional touches such as a custom barn door and wallpaper accent in the office, dimmer switches, and a new stair runner add warmth and sophistication. Don't miss the flexible bonus room on the third floor that has potential to be completed as a 5th bedroom. Outside, the property shines with exceptional curb appeal and thoughtfully designed outdoor living spaces. Enjoy a marble paver patio perfect for entertaining and grilling, outdoor ceiling fans on the front and back porches, custom wood shutters, and a fully upgraded, private backyard. The grounds have been completely reimagined with premium Bermuda turf, extensive landscaping including new trees and privacy shrubs, full irrigation, landscape lighting, French drains, and a premium fence system. Nestled on a friendly, quiet street, this location offers the perfect blend of community and convenience. Directly across from a park with greenway access, summer events, and new amenities, the home is highly walkable to SouthPark shopping, dining, grocery stores, and medical offices. Enjoy city views and quick access to everything Charlotte has to offer.
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.
