Situated on a desirable corner lot in Liberty Hall Plantation, this home offers a thoughtful blend of bold interior design and peaceful outdoor views. Buyers will enjoy the lasting peace of mind that comes with a new roof installed in 2025.A Masterful Mix of Tones: The main level is designed with a sophisticated, grounded aesthetic. The primary living areas feature rich dark espresso laminate flooring and custom plantation blinds, all beautifully complemented by elegant glass-beaded lighting fixtures that add a shimmering, high-end touch to the space.The kitchen offers a refreshing visual contrast, featuring: Light gray LVP flooring brightens the space and highlights the dark granite countertops and tile backsplash. Modern stainless-steel appliances and a functional pantry.A large sliding glass door that invites natural light into the cooking area and provides easy access to the backyard. The first floor also includes a dedicated Guest Bedroom with neutral carpeting and an adjacent half-bathroom, perfect for a quiet home office or visitor's retreat. The half-bathroom has a stylish vessel sink vanity and upgraded cabinet with drawers. The Second Floor Sanctuary: A bright and airy contrast to the main level, the spacious second-floor loft benefits from expansive windows that capture natural light throughout the day, offering a versatile space making this an ideal, energized space for a bright home office, an art studio, or a vibrant playroom. Primary suite features upgraded laminate flooring, providing a clean, modern feel in the home's most private retreat. Primary bathroom features a large window that is frosted for privacy while allowing an abundance of natural light to fill the space. Also enjoy the convenience of the dual sink vanity with drawers for easy storage, soaking tub, shower with frameless shower door, and a spacious walk-in closet. Additional Bedrooms: Two well-sized rooms accessed conveniently from loft. Full Bathroom: Also conveniently accessed from loft. Upstairs Laundry Room: No more going up and down stairs with loads of laundry. Enjoy this spacious laundry room with additional storage steps from all second-floor bedrooms. Backyard Potential & Scenic Views: The backyard is a true "blank slate," ready for your personal touch or to be kept in its current low-maintenance state. Because the yard remains unfenced, the property benefits from a spacious, open feel with direct access to a significant amount of HOA-maintained green space. This peaceful common area includes a community pond just beyond the property line, offering a beautiful area for walks and recreation right at your doorstep. Schedule your private tour today to experience the unique character and tranquil setting of 601 Watershed Drive.
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.
