Nestled on a quiet cul-de-sac in the sought-after Village of Hickory Ridge, this beautifully maintained contemporary home offers a seamless blend of comfort, style, and peaceful living. A welcoming covered front porch sets the tone, inviting you into a space thoughtfully designed for both everyday living and effortless entertaining. The main level opens to a bright, airy living room highlighted by soaring vaulted ceilings, a center fireplace, wall of new sliding doors, and an abundance of natural light. This inviting space flows seamlessly into the dining area, creating an open-concept layout ideal for both daily living and gatherings. Nearly new sliding glass doors open to a recently added walk-down Trex deck off the main level, less than a year old, leading to a patio and fully fenced backyard. With beautiful front and rear landscaping, blooming azalea bushes, and a private setting, the outdoor space is perfect for relaxing or entertaining. The kitchen is both stylish and functional, featuring rich cabinetry, granite countertops, stainless steel appliances, and a soaring ceiling with skylights that fills the space with natural light. Its thoughtful layout makes it ideal for both daily living and hosting. Upstairs, the primary suite serves as a peaceful retreat with new carpet and an updated ensuite bathroom. A full hall bathroom is accompanied by two additional generously sized bedrooms that offer flexibility for family, guests, or a home office. The lower level expands your living space with a large family and recreation room, another full bathroom, and a fourth bedroom. Walkout access provides even more connection to the backyard and outdoor living areas. Additional highlights include a two-car garage, a double-wide driveway, and mature tree-lined privacy. Fresh neutral paint and brand-new carpet throughout make this home truly move-in ready. Ideally located just moments from the Village Center and top-rated schools, this home offers the perfect balance of convenience and tranquility. Whether you are enjoying a quiet morning coffee, hosting friends, or simply unwinding at the end of the day, every space is designed to feel like home. This is a rare opportunity to own a stylish and well-appointed home in one of Hickory Ridge’s most desirable neighborhoods.
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.
