When every inch and every detail has been carefully selected, your dream home emerges! Welcome to the beautiful and modern 6644 Quail Ridge Rd, where this property is living its best life with every surface renewed, and no detail unnoticed! Choices make all the difference in a quality remodel, like the wood look vinyl plank which offers warmth against the stellar black and white design, and hardware chosen for the kitchen and baths, you'll feel like you walked into a post on Pintrest or HGTV! 3 living areas include a formal living area off the foyer as you enter the home, with a beautiful bay window with storage seating, built-in bookshelf, and fabulous ceiling fan. The homey den with rock fireplace is open to both the kitchen via a serving window, and the back sunroom. With a huge wall of windows and a skylight bathing the space in natural light, just imagine enjoying the extra space of this sunroom. How many ways could you enjoy this beautiful and unique layout? Are you needing space to work from home?... no need to use one of the bedrooms, there is a dedicated office space with window overlooking the front yard. The spacious laundry room with half bath is located off the kitchen, with a nice surprise - a pleasant skylight and a mud room with exterior door. The primary bedroom has ensuite bath with step-in shower featuring 3 shower heads: rainshower, traditional, and wand. Gorgeous vanity in primary dressing area is conveniently separated from private shower area to provide more space for couples to get ready. A large hall bathroom serves the other bedrooms, with striking tiled tub surround, and fabulous double sinks and double mirrors and super-sized bathroom vanity. All positioned on a corner lot with 2 storage buildings. We can't forget to mention the oversized deck, which will be a gathering place for many of your special events, and a place just for you when not entertaining. Come soak in this 'better than new' home in a desirable, established area.
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.
