Look no further! This move-in ready, 2013-built 4-bedroom, 3-bath home from Triple Crown builders delivers space, flexibility, and modern finishes and fixtures. Upon entering, you'll find a bonus room to the left, perfect for a home office or game room and to the right, a formal dining or additional flex space - YOU choose! Main living area is partially overlooked by the kitchen with a breakfast nook or alternate dining space just beyond. On the detail of the kitchen, it features real-wood cabinetry, stainless steel appliances, and recent improvements including a newer deep basin sink paired with a reverse osmosis alkaline water filtration system. The split-bedroom layout creates privacy, with the third bedroom containing it's own en-suite, which connects out to the rear patio, perfect for a guest space or if future plans include implementing a pool to the backyard. The primary suite includes his-and-hers walk-in closets, vanities, a walk-in shower, Jacuzzi tub, and a private water closet. Additional touches throughout include crown molding, statement lighting, ceiling fans, and updated luxury vinyl plank flooring. Inside laundry room, oversized 2-car garage and a covered rear porch and patio area overlook a beautiful fenced in backyard. Situated close to SR200, you can enjoy ALL the latest restaurants and conveniences all while being tucked up away from the commotion. A true MUST SEE
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.
