Welcome to this stunning model home nestled in the highly sought-after Lee's Parke Community. Step inside to an inviting open-concept floor plan that offers 4,455 square feet and showcases upgrades, style, and beautiful, rich hardwood floors. The gourmet kitchen is the center place for everyday living and entertaining, featuring white cabinetry, granite countertops, a large center island, stainless steel appliances, a gas cooktop, a double wall oven, a pantry, and an abundance of cabinet and countertop space. It flows seamlessly to the gorgeous family room with a cozy gas fireplace and elegant dining room featuring a custom chandelier. The main level also features a living room, a half bathroom, and an office with French doors. The upper level features a primary bedroom suite with a tray ceiling, a spacious sitting room, a walk-in closet, and a spa-like bathroom with a soaking tub, a walk-in shower, and dual vanity sinks. Three additional bedrooms, including one with a private en-suite bathroom, are upstairs, convenient for family and guests. The laundry room, featuring a washer and dryer with plenty of cabinet space, is located on the upper level. The finished walkout basement is equally impressive with luxury vinyl plank flooring, a family room/theater area with an electric fireplace, and a custom handcrafted wet bar with granite countertops, wine cooler, and mini refrigerator. A fifth bedroom, full bathroom, and exercise room with built-in surround sound wiring and additional storage are located in the basement. The fully insulated two-car garage includes Trex flooring and built-in storage. Step outside to enjoy a stunning Trex deck and custom patio featuring beautiful imported Turkish tile, retaining walls, integrated lighting, ceiling fans, and a gas fireplace, with a professionally landscaped yard. The home also features a whole-home water filtration and softener (2024), new HVAC (2023), and a new architectural shingle roof (2023). Experience the ultimate in comfort and style in this remarkable property, where every detail has been thoughtfully curated for an exceptional lifestyle. Residents of the community enjoy a clubhouse with an in-ground swimming pool and exercise room, walking trails, playgrounds, tennis and basketball courts. Conveniently located near shopping, restaurants, healthcare, VA Health Care Center, and commuter routes.
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.
