Looking for a unique and modern place to call home? Come and view this better than new three level townhome located in the gorgeous neighborhood of Villages at Cross Keys. This lovely and pristine townhome community offers you an active lifestyle, well maintained grounds, and a superb location with direct access and walking trail to the Shoppes at Cross Keys. This home features a newly renovated kitchen with all of your cooking needs provided for ease of meal prep, great lighting, efficiency and organization. Newly installed waterfall quartz kitchen island and counter tops, all high end LG appliances for convenient cooking and food storage, plenty of cabinets, stone backsplash, and a breakfast bar for additional seating and entertaining. Adjacent to the kitchen is the living room with warm tones, plenty of natural light from the windows, and custom window blinds throughout. New luxury vinyl tile flooring, and a brand new recently installed Trex deck off the kitchen through sliders. The deck offers outdoor hosting and entertaining, and faces a tree lined view in the rear for privacy. The upper level features the primary bedroom plus two additional spacious bedrooms, and newly renovated full bathroom. Convenient laundry room here on the upper level makes laundry a breeze with full size newer washer/dryer plus storage space. Tankless hot water heater reduces energy costs and provides more space. The lower level/entry level includes the family room and fourth bedroom which can also be utilized as an office or fitness area. Rough-in already in place for a full bathroom for second primary bedroom suite on this level. Enjoy the fully enclosed rear yard with vinyl fencing and exit to the rear. Why purchase new construction with cookie cutter rooms that all look the same and higher taxes, when you can have this newly renovated home with all the extras already in place! The owners have thoughtfully added their own special touch and design to this home making it unique and one of a kind. Every inch of this house has been carefully decorated and designed for space and functionality. Come visit the open house on Thursday 6/18 from 4 to 7pm!
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.
