Welcome to 5609 Beaconsfield Rd, a beautifully refreshed home located in the easily accessible West Mecklenburg area of Charlotte. This inviting residence offers a comfortable and functional layout with recent improvements that enhance both style and livability. New flooring and fresh paint throughout create a clean, modern feel and provide a bright, cohesive look from room to room, making the home easy to enjoy from day one. The main living areas flow naturally, offering flexible space for everyday living, entertaining, or working from home. Natural light fills the interior, highlighting the updated finishes and creating a warm, welcoming atmosphere. The kitchen connects seamlessly with the surrounding living and dining spaces, providing practical workspace while staying engaged with the heart of the home. All bedrooms are located on the upper level and are well-proportioned, offering comfortable retreats and adaptable space for a variety of needs. The layout supports both privacy and functionality, allowing the upper level to serve as a quiet separation from the main living areas below. A standout feature of this property is the newly added covered deck at the back of the home. This outdoor space extends the living area and offers a great place to relax, entertain, or enjoy the backyard in multiple seasons. Whether hosting gatherings or winding down at the end of the day, the covered deck adds meaningful function and appeal. Conveniently located with access to shopping, dining, major roadways, and Charlotte Douglas International Airport, this home combines recent updates, indoor comfort, and outdoor living in a well-established Charlotte location. 5609 Beaconsfield Rd presents a strong opportunity for buyers seeking a refreshed home with space, flexibility, and convenience.
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.
