Experience luxury living at its finest in this exceptional executive residence located at 8 Wading Bird Loop in the highly sought after community of Blythewood. This stunning basement home offers an extraordinary combination of sophistication, space, and versatility, designed for those who appreciate refined living and upscale comfort.From the moment you enter, you are welcomed by elegant architectural details, expansive living spaces, and an abundance of natural light that creates a warm yet grand atmosphere throughout the home. Thoughtfully designed for both everyday comfort and upscale entertaining, this residence seamlessly blends timeless elegance with modern functionality. The gourmet kitchen serves as the centerpiece of the home, featuring premium finishes, extensive cabinetry, generous workspace, and an open concept design that flows effortlessly into the main living and entertaining areas. Whether hosting formal gatherings or enjoying intimate family moments, this home gives the perfect backdrop for every occasion. One of the home's most impressive features is the fully finished walkout basement, providing exceptional flexibility for multigenerational living, executive entertaining, a private guest retreat, home theater, fitness space, or additional recreational living. This expansive lower level elevates the home's functionality while adding tremendous value and luxury appeal. The owner's suite provides a private sanctuary with spacious accommodations and a relaxing atmosphere designed for comfort and retreat. Additional bedrooms and living areas provide generous space for family, guests, or home office needs. Step outside to enjoy peaceful outdoor living spaces ideal for entertaining, relaxing evenings, or quiet mornings surrounded by the beauty and tranquility of the community. Residents enjoy premier neighborhood amenities including a beautifully appointed clubhouse, resort style swimming pool, and scenic walking sidewalks throughout the community. Conveniently located near shopping, dining, major interstates, and the growing Scout Motors development, this home provides both luxury and accessibility in one of the Midlands' most desirable locations.
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.
