Nestled in the prestigious South Hampton Subdivision, this exquisite townhouse offers a harmonious blend of luxury and comfort, perfect for those seeking an elevated lifestyle. Built in 1997, this transitional-style residence boasts timeless brick construction, Newer roof put on in 2023, the home exuding both elegance and durability. Step inside to discover a thoughtfully designed interior that maximizes space and light. With a generous 1,912 square feet of finished living area, this home invites you to create cherished memories. The open-concept layout seamlessly connects the living, dining, and kitchen areas, making it ideal for entertaining guests or enjoying quiet evenings at home. The heart of the home features a well-appointed kitchen, ready for culinary adventures, on a brand new stove. Imagine hosting dinner parties or casual brunches, with ample counter space and modern updated new appliances that cater to your every need. The inviting living area, bathed in natural light, serves as a cozy retreat, perfect for unwinding after a long day. Retreat to the spacious bedrooms, where tranquility reigns. Each room offers a serene ambiance, allowing for restful nights and rejuvenating mornings. The multiple bathrooms throughout the home, makes it easy for entertaining on any floor of your home. Outside, the property boasts a low-maintenance lot, allowing you to spend more time enjoying the finer things in life. The attached garage provides convenient parking, while the driveway and off-street options ensure ample space for guests. Located in a vibrant community, this home offers easy access to local amenities, parks, and recreational opportunities. Whether you prefer a leisurely stroll through the neighborhood or a quick drive to nearby shopping and dining, everything you need is just moments away. Experience the perfect blend of luxury and comfort in this stunning townhouse. With its prime location, elegant design, and inviting atmosphere, this property is not just a house; it's a place to call home. Embrace the lifestyle you've always dreamed of in South Hampton Sub.
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.
