One of the most desirable floorplans in WAVERLY! 100% MOVE-IN READY, PRICED TO SELL & in PRISTINE CONDITION! Upgraded 2022 David Weekley Home that has been beautifully maintained - Perfect mix of luxury finishes and the convenience of living inside the Waverly bubble - End unit next to a community greenspace for extra breathing room - Home has 10-foot ceilings and tons of natural light - Main floor is an open concept with a bright / spacious living room - Kitchen is a showstopper featuring your oversized island that’s perfect casual dining or having friends over - Primary suite with spa-inspired bath and oversize walk-in closet - Lower level has two generous bedrooms and closets - Third-floor bedroom #4/bonus is the most flexible space - Perfect 4th bedroom, home theater, gym, office or game room - 3rd floor also has full bathroom and massive walk into attic - Oversize two car garage with additional bump out - Tons of walk in attic storage - All this and just a block away from all Waverly has to offer ... 25+ restaurants, shopping, Whole Foods, Harris Teeter, LifeTime Fitness, Starbucks, year-round community events and amazing outdoor gathering spots just steps from your front door - Community has sidewalks and streetlights creating such charm - HOA maintains green spaces allowing you to enjoy your spare time relaxing or doing what you love - All the upside to urban-luxe living and still surrounded by places to enjoy the outside - Less than 1 mile to I-485 for an easy commute anywhere in town - Waverly maintains its status as one of South Charlotte’s most desirable destinations to live and play - This popular floor was one of David Weekly best-sellers and is aggressively priced for an easy sale! Call anytime to schedule your private tour
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.
