Located in the desirable Village of Deaton Creek, this Vernan Hill floor plan features 3BD/2BA and a versatile layout designed for both comfort and functionality. The home is finished with Patagonian Rosewood floors, a beautiful, low-maintenance choice that complements any style. The kitchen is perfectly suited for both casual daily meals and vibrant weekend entertaining. A dedicated room serves as an ideal office, library or hobby space. A bright, light-filled sunroom allows you to enjoy views of the private backyard in any season. A second sunroom offers additional space, creating the perfect retreat for relaxing or hosting guests. The landscaped patio offers an inviting setting for outdoor dining or a peaceful morning coffee. New AC Unit installed in 2025, Hot Water Heater (2024). With its prime location, this residence offers a rare opportunity to enjoy a refined lifestyle in a vibrant community. ALL ABOUT VDC - We like to call this community a "Resort" Style community. Village at Deaton Creek is the oldest and largest 55+ in the area, 1144 homes. The Clubhouse is largest of the other "Resort" style communities; just under 40K sqft. The community has indoor and outdoor pools, a fishing pond, tennis and pickle ball, a softball diamond, a dance room, card and game rooms, pool tables, ball room, and so much more. Having space in the community to host nearly 99 activities every month is amazing. Activities are diverse and plentiful; social, educational, helpful, interesting, and fun. This is a golf cart friendly community and defiantly pet friendly. VDC has a full-time activities director, business manager, front desk staff and a staffed guard gate at the entrance. The HOA is mature, well organized and well funded. Generally, we have the lowest HOA fees of the other "Resort" Style communities. We often call VDC Summer Camp for adults. Come see all we have to offer today.
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.
