MODEL-CONDITION TOWNHOME LOCATED IN AMENITY RICH COMMUNITY. LINGANORE HS SCHOOL DISTRICT. This 3-bedroom, 2.5-bath townhome offers 2,016 square feet of finished living space, an attached 2-car garage, a private fenced yard, and a long list of thoughtful features. Lightly lived-in and in pristine condition, the property presents a clean, polished feel from the moment you enter. The main level is designed with an open layout, high ceilings, and luxury vinyl plank flooring that creates a bright and welcoming setting. The gourmet kitchen serves as the center of the home, featuring a large center island, granite countertops, stainless steel appliances, generous cabinet storage, and a pantry. The layout allows the kitchen to connect smoothly with the dining and living areas, making the space functional for daily living and easy to enjoy when hosting. Sliding glass doors open to the deck off the kitchen, providing convenient outdoor access from the main level. A half bathroom completes the main level. Upstairs, the home offers three bedrooms and two full bathrooms, including a spacious primary suite with an en-suite bathroom. The upper-level laundry room is a practical feature that adds everyday convenience and keeps laundry close to the bedrooms. The fully finished lower level expands the usable living space and provides excellent flexibility. With upgraded flooring and walkout access to the patio, this level can support a range of needs, including a second living area, office, fitness space, recreation room, or guest area. The walkout design connects the lower level to the fenced yard, offering a private outdoor setting for relaxing, entertaining, or enjoying quiet time outside. Notable home upgrades include a whole-house water filter and a water softener, both already installed for added comfort and convenience. The attached 2-car garage provides secure parking and useful storage space. The community offers an impressive range of amenities, including multiple lakes, beaches, 4 swimming pools, tot lots, walking trails, tennis, pickleball, volleyball, community events, and a farmers market. The location also provides access to nearby shopping, breweries, and dining options. See lakelinganore(dot)org for complete list of amenities. With its open layout, upgraded finishes, finished walkout level, private yard, and strong community amenities, this townhome offers a complete and well-rounded living experience.
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.
