Welcome to this beautifully maintained single-story gem in the highly sought-after Spring Grove Plantation. Sitting on a fantastic lot with fresh curb appeal and easy-to-maintain landscaping, this home offers the perfect blend of comfort, function, and style all on one convenient level.Step inside to find wood-grained LVP flooring flowing seamlessly throughout, creating a cohesive and elegant feel. The foyer welcomes you home. Off to the left of the foyer leads to a secondary hallway, where two well-appointed bedrooms, a shared bathroom, and a storage closet offer privacy and practicality. Continue forward to the heart of the home, where abundant natural light pours into the open main living spaces. Neutral paint tones complement any decorating style, making this hometruly move-in ready. The spacious kitchen boasts classic white shaker cabinetry, rich granite countertops, modern stainless steel appliances, generous prep space, and a bar-top for extra seatingperfect for both everyday living and entertaining. Just off the kitchen, the dining area overlooks the backyard through a large sliding glass door. The expansive living room provides plenty of room to relax and gather. Tucked quietly at the rear of the home is the owner's suite, featuring a large walk-in closet and a private en suite with all the comforts you're looking for. Step outside to enjoy the screened-in porch and fully fenced backyard, offering a blank slate ready to become your outdoor oasis. With a wooded buffer behind the home, you'll appreciate the added privacy and peaceful view. Spring Grove Plantation is a desirable community known for its convenient location near schools, shopping, military bases, highways, recreation, and more. Amenities are unmatched for the value and include a neighborhood pool, multiple play parks, dog park, boat/rv storage, walking and jogging trails, green spaces and so much more. This well-designed home offers a smart layout with no wasted spacetruly a place where you'll feel right at home from the moment you arrive.
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.
