Built by NV Homes in 2021 and nestled on a premium homesite in one of Columbia’s most desirable communities, the exceptional St. Lawrence colonial offers over 4,000 square feet of refined living space designed for both comfort and upscale entertaining. The residence showcases an impressive collection of high-end curated upgrades, including owned solar panels, an insulated two-car garage with EV charger and extra lighting, floored attic storage with ladder access, whole-yard irrigation system, extra smoke detectors, fully fenced backyard with dual gate entry, HDMI Cable Access in ceiling, whole house LAN for internet, extra electrical outlets installed throughout the interior and exterior, 360 Security cameras and outlets, laundry utility sink, basement utility sink for dog wash, 4 water spigots on the exterior, HVAC with humidifier and air scrubber for allergens. An inviting maintenance free covered front porch sets the tone as you enter the light-filled open-concept interior where sophisticated design meets modern functionality. The expansive main level seamlessly connects the living spaces, creating an effortless flow between the living room, gourmet kitchen, dining area and family room anchored by sparkling windows and a cozy gas fireplace. At the center of the home, the stunning chef’s kitchen is designed to impress with an oversized quartz island, elegant quartz countertops, 42” sleek white cabinetry, pantry, under-cabinet lighting, cool stainless steel appliances with gas range, wall ovens and a spacious dining area with direct access to the maintenance free deck and screened porch, perfect for indoor-outdoor entertaining. A desirable ADA compliant main-level bedroom and dual-entry full bath provide flexibility for guests, multigenerational living, or a private home office. Upstairs, the luxurious primary suite offers a spacious, yet serene retreat featuring a tray ceiling, expansive walk-in closet, and spa-inspired bath complete with dual vanities, a soaking tub, and separate glass-enclosed shower. A comfy loft suitable for board games or movie night is just off of the main staircase with three additional generously sized bedrooms, a full bath, and a conveniently located upper-level laundry room completing the second floor. The walkout lower level expands the home’s living and entertaining possibilities with a spacious recreation room, large wet bar, game area for pingpong or pool, full bathroom, and abundant storage space ready to accommodate a variety of lifestyle needs. (Lot size to be confirmed) The sellers have paid the $10,946 deferred water and sewer charges up front for you. The solar panels are also seller owned and convey with the purchase of the home.
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.
