Back to active and ready for you to move in with little to no money -Nestled in the charming community of Montpelier Oaks, this exquisite townhouse offers a perfect blend of comfort and low maintenance. With its Colonial architectural style, this residence exudes elegance while providing modern conveniences that cater to an any lifestyle. Step inside to discover a warm and inviting interior, where hardwood floors gracefully flow throughout the main living areas. The traditional floor plan is designed for both relaxation and entertaining, featuring a spacious dining area that seamlessly connects to the kitchen. The kitchen is open, spacious and provides rooms for a pub table, a pantry for all your essentials, and stainless steel appliances including a dishwasher, microwave, and electric oven/range. The home boasts three generously sized bedrooms, each designed to be a personal retreat. The bathrooms are thoughtfully appointed, featuring a luxurious walk-in shower and a tub shower, ensuring a spa-like experience at home. Recessed lighting and ceiling fans enhance the ambiance, while ENERGY STAR qualified windows provide energy efficiency and natural light. Venture to the fully finished walkout basement, a versatile space perfect for a home office, gym, or entertainment area. The convenience of in-unit laundry, complete with a washer and dryer, adds to the ease of daily living. Outside, the property is beautifully landscaped and backs to serene trees, offering a peaceful escape right in your backyard. Enjoy the fresh air on your private deck or patio, ideal for morning coffee or evening gatherings. Located on a quiet cul-de-sac, this home provides a tranquil setting while still being close to community amenities. As part of the Montpelier Oaks community, residents enjoy access to a variety of amenities, including a swimming pool, tot lots, and basketball courts. The association takes care of common area maintenance, snow removal, and trash services, allowing you to focus on enjoying your new home. With assigned parking and convenient access to public transportation, this property combines modern living with practicality. Experience the exclusive lifestyle that awaits in this stunning townhouse, where every detail has been thoughtfully curated for your comfort and enjoyment. The most recent updates include new roof, 5 out of 8 windows replaced, new HVAC system, front and screen door replaced, upper deck sliding glass door replaced, front and back gutters replaced, new carpet on stairs, bedrooms and basement, updated painted bathrooms, deck resealed and secured with screws, refrigerator, microwave, toilets and new entry concrete walkway and steps.
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.
