Welcome to this beautifully updated 3 bedroom, 2.5 bath townhouse offering a blend of comfort, functionality, and modern style. The brick-accented front exterior paired with low-maintenance vinyl siding creates warm, inviting curb appeal, setting the tone as you arrive. Inside, the thoughtfully designed layout begins with a front-facing kitchen featuring newer cabinetry, granite countertops, and abundant storage. This well-appointed space is both stylish and practical, offering generous counter space for cooking, prep, and everyday convenience. The adjacent dining area includes a built-in wine rack and creates a natural flow for gatherings. The living room is anchored by a wood-burning fireplace, adding character and a cozy focal point. The open layout allows for multiple furniture configurations, making it easy to tailor the space for both relaxed everyday living and entertaining. Sliding glass doors extend the living area outdoors to a fully fenced patio, offering a private setting ideal for outdoor dining, grilling, or quiet relaxation, with a backdrop of a peaceful green space in your fully fenced yard. Upstairs, you’ll find three comfortable bedrooms and convenient same-level laundry. The primary suite features a custom-designed closet and a private en-suite bath complete with dual sinks and a soaking tub, creating a well-balanced retreat. The additional bedrooms offer flexibility for use as guest space, home office, fitness room, or hobby area. Additional highlights include an easy-flow floor plan, ample natural light throughout, and well-utilized storage options that enhance everyday living. This home offers a move-in ready opportunity in a desirable setting with indoor-outdoor living potential. Additional improvements include a roof and windows that are approximately six years old. Community amenities include a swimming pool, tennis courts, clubhouse, and additional recreational features. Conveniently located near shopping, dining, major roadways, and daily conveniences, this home offers updated living in a well-maintained community setting.
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.
