Welcome home to this 2 story 3 bed, 2.5 bath townhouse in the beautiful community of Dublin Terrace. As you approach the front door enjoy the well manicured common area lush with grass and shade trees. The covered approach to the front door offers an outdoor patio area fenced off from the common area giving you an outdoor area to stretch out in. As you enter the home, be prepared for a deceptively large home that goes on and on. The open floor plan of living room (complete with gas fireplace), kitchen, and dining area feature natural wood throughout, stainless steel appliances, a gas range, ceiling fans, and flush canned lighting. Before heading up a short flight of stairs to the garage, you will find an excessively large half bath and under stair storage. The garage is the next area to discover. It is oversized, finished, and has a quiet garage door opener. Heading up a flight of stairs, you will reach the first upper area complete with a laundry room (already equipped with washer and dryer), a full guest bath and two guest rooms. Plenty of space is found in each for all the typical needs of a bedroom, but the South Western bedroom has the feel of a study with wood blinds that can be closed hiding the views of Pikes Peak. Taking another short flight of stairs, you will reach a landing that leads into a massive 23 foot long primary bedroom complete with a walk in closet, tons of natural light, and a 4 piece en suite primary bath. This home has all the space one could need. Stocking the home is a snap with quick access to shopping down the Powers and Woodman corridor, close proximity to Saint Francis Medical Center, and a short trip to Chapel Hills Mall. Set up your showing today before this stunning townhome flies off of the market!
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.
