Nestled in the charming Beechtree Estates, this stunning Colonial townhouse offers a perfect blend of modern comfort and timeless elegance. Built in 2019, this meticulously maintained home boasts 2,400 square feet of thoughtfully designed living space, ideal for those seeking a cozy yet spacious retreat. As you step inside, you are greeted by an inviting atmosphere enhanced by luxury vinyl tile and plush carpeting that flows seamlessly throughout the home. The open-concept layout is perfect for both entertaining and everyday living, allowing natural light to cascade through the generous windows, creating a warm and welcoming ambiance. The heart of the home features a well-appointed kitchen, ready for culinary adventures. With ample counter space and modern appliances, it's a delightful space for preparing meals and gathering with loved ones. This townhouse offers three spacious bedrooms, each designed to be a personal sanctuary. The primary suite is a true retreat, complete with an en-suite bathroom that features modern fixtures and finishes, ensuring a serene start to your day. Two additional bedrooms provide flexibility for guests, a home office, or a creative space, catering to your lifestyle needs. With two full bathrooms and two convenient half baths, morning routines are a breeze, ensuring everyone has their own space to unwind. The thoughtful layout enhances privacy while maintaining an open flow throughout the home. Step outside to discover the community's common grounds, perfect for leisurely strolls or enjoying the fresh air. The attached garage and concrete driveway provide ample parking and storage solutions, making daily life more convenient. Located in a vibrant community, this home is just a stone's throw away from local amenities, ensuring that shopping, dining, and recreational activities are always within reach. This beautiful townhouse is not just a house; it's a place to create lasting memories. Whether you're hosting gatherings, enjoying quiet evenings, or simply savoring the comforts of home, this property is ready to welcome you. Don't miss the opportunity to make this charming residence your own!
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.
