Welcome to this beautifully updated Colonial nestled in the highly sought-after Wakefield Chapel Estates, where timeless charm meets modern comfort. This exceptional four-bedroom, two-and-a-half-bath home has been thoughtfully renovated and meticulously maintained, offering warm, inviting spaces designed for both everyday living and effortless entertaining. Step through the welcoming foyer into the elegant living room, where a beautifully refaced fireplace with a stunning marble hearth creates a warm and inviting focal point. The adjoining dining room is ideal for hosting family and friends and features a striking designer light fixture that perfectly complements the matching sconces above the fireplace mantel, adding a touch of sophistication throughout the main living spaces. At the heart of the home, the beautifully updated kitchen showcases stainless steel appliances, attractive cabinetry, new quartz countertops, and luxury vinyl plank flooring, creating a space that is as functional as it is stylish. The adjoining breakfast nook flows seamlessly into the spacious family room, making it the perfect gathering place for movie nights, game days, or simply relaxing together. Just off the kitchen, the updated laundry room offers everyday convenience. Step outside from the dining room to the inviting screened porch, complete with a ceiling fan and peaceful views of the beautifully landscaped backyard. Whether you're enjoying your morning coffee, dining al fresco, or unwinding after a long day, this tranquil outdoor living space is sure to become a favorite retreat. Upstairs, you'll find four generously sized bedrooms, including a spacious primary suite featuring a beautifully remodeled spa-inspired ensuite bath and an expansive walk-in closet. The renovated hall bathroom has also been tastefully updated with quality finishes, providing both style and functionality for family and guests. The lower level offers exceptional versatility. The unfinished area includes a workshop and abundant space for a home gym, hobbies, or additional storage. The finished area can easily adapt to your lifestyle as a recreation room, playroom, home office, craft studio, yoga or fitness room, or media room—the possibilities are endless. Electric vehicle owners will appreciate the wall-mounted Tesla charger conveniently installed in the attached carport. Every detail of this home reflects pride of ownership and thoughtful updates, creating a perfect balance of elegance, comfort, and functionality. Ideally located in the desirable Wakefield Chapel Estates community, this home offers convenient access to shopping, dining, parks, commuter routes, and excellent schools. This is more than just a house—it's a place where memories are made and you'll be proud to call home.
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.
