Boasting over $25K in recent updates, this beautifully refreshed 3-bedroom, 2.5-bath townhome backs to a serene wooded setting and is ideally nestled in the sought-after Chesnut Hill Cove community, just moments from Stoney Creek Marina. Enter to fresh paint and LVP flooring throughout the inviting, light-filled main level. The spacious kitchen offers ample cabinetry, an updated stainless steel electric range and refrigerator (2023), a breakfast bar, and a large window that fills the space with natural light. A pass-through overlooks the living and dining areas, where the open layout creates the perfect setting for relaxing or entertaining friends and family, complete with a conveniently located powder room. Retreat upstairs to find continued updated flooring leading to the owner’s suite featuring a built-in vanity counter, walk-in closet, and access to the shared full bath with a dual-sink vanity, updated tiled flooring, and new Bath Fitter tub/shower (2023). Down the hall are two additional generously sized bedrooms, each offering ample closet space. The walkout lower level has been refreshed with beautiful flooring installed in 2025 and offers a versatile space featuring a spacious rec room, additional closet storage, a full bathroom with a stand-up shower, and direct access to the rear yard, ideal for movie nights, guest quarters, or a private in-home office. A utility room with washer and dryer provides additional storage space for all your organization needs. Step outside to enjoy serene wooded views in the rear deck with a fully fenced yard, a wonderful setting to create your own private outdoor retreat. Recent updates include HVAC (2019), roof (2018), LVP flooring throughout (2022–2025), a new basement toilet (2025), and a leaf filter gutter system for added peace of mind (2024). Plenty of parking is available directly in front of the home, along with additional spaces for guests and extra vehicles throughout the community. Fantastic amenities include playgrounds, basketball courts, a boat ramp, boat slips, a fishing pier, and nearby boat and RV storage. Don’t miss this incredible home surrounded by scenic creeks, marine life, and local shops and restaurants for everyone to enjoy.
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.
