Don't miss this 3 level home in Marley Pointe right off Rt. 301 & super close to tons of amenities, shopping, dining & superb schools! NO CARPETS in this home. In March 2023 "Duravana" Luxury Vinyl Plank professionally installed on 1st & 2nd floors. Hardwoods on 3rd floor. Entry foyer includes stairs to 2nd floor, half bath & coat closet adjacent to garage entry. The rear of home is a wide open space consisting of kitchen, dinette area & family rm. Kitchen w/wood cabinets, granite tops, island w/seating for at least 3 barstools, SS appliances (Frig 4/2021, DW 4/2022 & microwave 12/2024), gas stove, large walk-in pantry measures 6.5 x 4.2 !! Dinette & Family Rooms together measure 23.0 x 14.10 !! Triple window & 5' sliding door both w/views of rear yard & concrete patio which was extended. Not currently fenced, but white vinyl fencing is allowed. Oversized 1.5 car garage will also fit an add'l refrig. + some storage. 2nd floor has a wide 5.8 x 2.0 linen closet at top of stairs & laundry room close by w/ventilated shelving. W&D convey- Washer replaced 4/2023. Primary Bedrm has triple window, huge walk in closet (11.7 x 6.10) & private bath w/double vanity, tiled shower, LVT flooring, linen closet & private commode. Beds 2 & 3 both have walk in closets! & share hall bath w/double vanity, tub/shower unit. Bonus room on 3rd floor is 589 SF (tax record notes "high quality" finished attic) w/hardwood floors, 8 recessed lights, ceiling fan w/light, full bath with 30" vanity, tub/shower unit, 4.5' linen closet. Another closet holds Rinnai Tankless H20 heater (new 12/2022) & gas furnace. Plenty of space to add large closet on 3rd fl with dedicated recessed light if desired. Rear yard has a covered patio & extended concrete patio area which is not covered. Stone & vinyl exterior in front, covered front porch entryway. HOA takes care of most exterior maintenance, landscaping, trash removal & recycling. Sidewalks, Dog park & open spaces thru community. Please make sure to watch the video also !!
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.
