This is the one you have been waiting for! Like new and thoughtfully upgraded throughout, this beautiful home is tucked away on a quiet cul-de-sac in a picturesque neighborhood. From the moment you step onto the charming front porch, you’ll feel right at home.Inside, a welcoming foyer opens to a formal dining room, perfect for hosting family and friends. A convenient pass-through leads to the custom chef’s kitchen, featuring crisp white cabinetry, granite countertops, and upgraded stainless-steel appliances. The kitchen flows seamlessly into the breakfast area and spacious living room, where a cozy gas fireplace creates the perfect gathering spot.Step outside to the deck overlooking mature trees, offering privacy and a peaceful backdrop for morning coffee or evening relaxation. Upstairs, the primary suite is a true retreat, filled with natural light and highlighted by vaulted ceilings, dual walk-in closets, and a luxurious ensuite bath. Three additional spacious bedrooms, a beautiful hall bath, and a conveniently located upstairs laundry room complete the second level. Additional upgrades include a whole-house generator, providing peace of mind and uninterrupted comfort year-round. Cascade Creek offers sidewalks throughout the neighborhood and full access to Five Forks amenities, including a clubhouse with a full kitchen available for rent for private events. Residents also enjoy a community pool, scenic walking paths, and a playground perfect for both everyday living and weekend fun. Ideally located with easy access to Chippenham Parkway, Route 288, I-95, and Powhite Parkway, this home offers the feel of newer construction without the stress of building. If you’ve been waiting for the right opportunity, this one is not to be missed.
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.
