HOA PREPAID BY SELLER FOR REMAINDER OF 2026!! Some townhomes offer a place to live. This one offers a lifestyle that most people spend years searching for — and it starts with something almost no one else in Waters Edge can offer. A deeded boat slip comes with this home. Read that again. Your boat has a permanent address right alongside yours. Welcome to Waters Edge in Belmont — one of the most desirable waterfront communities in the greater Charlotte area and the kind of place where neighbors become friends and summer never really ends. From the moment you arrive the large front porch with room for rocking chairs tells you exactly what pace of life awaits inside and out. The main level is designed for the way people actually live. An open concept floor plan connects the kitchen, family room, dining area, and breakfast bar into one warm and effortlessly social space — granite countertops and stainless appliances in the kitchen, room to gather everywhere else. A drop zone keeps the chaos of daily life contained at the door and a convenient half bath rounds out the main level perfectly. A flex space with a closet gives you a true fourth bedroom option or the dedicated home office your work-from-home life has been waiting for. Step outside and the fully fenced backyard with privacy fence is a private outdoor sanctuary. A large patio anchors the entertaining space, a second seating area gives everyone a place to land, and artificial turf keeps it all looking pristine without a single Saturday morning of maintenance. This backyard is genuinely designed for enjoyment — not upkeep. Upstairs the primary bedroom is a quiet retreat beneath a tray ceiling with an ensuite bath that earns its title. A large spa shower with a built-in bench invites you to slow down and stay a little longer. And the primary closet — with its direct access to the laundry room — is one of those details that sounds small until you experience it every single morning and wonder how you ever lived without it. Two additional bedrooms and a shared bath complete the upper level beautifully. Outside your front door the community pool is a short walk away. The growing city of Belmont surrounds you with everything you need — the YMCA for your active life, JR Cash nearby, Tailrace Marina for the days the boat slip calls your name, and I-85 for commutes in every direction. The boat slip is the reason to look. The home is the reason to stay. And with an acceptable offer the sellers will cover the remaining 2026 HOA fees — one less thing to think about on your way to closing.
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.
