Welcome to this gorgeous brick-front end-unit townhome, located in the sought-after Holly Pointe subdivision with a private side main entrance porch. You will also have two assigned parking spaces right in front of your new home and there is plenty of visitor parking. Freshly painted with clean carpet and hardwood floors! The formal Living Room has 3 floor-to-ceiling windows and plenty of recessed lighting to shine on your everyday living. The Dining Room can easily be used as a Home Office and features a lighted ceiling fan. The huge eat-in kitchen is perfect for dining with the warmth of the gas fireplace adorned with beautiful wood surround mantel. This area may also be used as a Family Room if you choose to utilize the Formal Dining Room (instead of using it as an office). The bright kitchen includes a built-in microwave, and well-maintained cabinetry. The French doors open to a large deck perfect for outdoor dining while overlooking a peaceful, tree-lined view with an eclosed private fence. A Powder Room and coat closet complete this level. The spacious Owner’s Suite is a true retreat, very spacious with vaulted ceilings. The finished Lower Level offers a versatile Recreation Room, with a Full Bath - ideal for guests or extended living space. A separate Laundry Room with conveying washer & dryer, as well as a utility sink is the perfect home for lots of storage too. For peace of mind, this home also has an indoor sprinkler system. The community has an abundance of amenities including pools, tennis courts, tot-lots and hiking trails. ADDITIONAL INFORMATION: HOA dues: $404.05 quarterly Membership includes: 4 Community Centers 6 Pools, 20 Tennis Courts 13 Pickleball Courts, 5 outdoor Basketball Courts 2 Soccer Courts (hard surface) 19 Recreation and Park Areas Community/Corporation Offices Natural Amphitheater.
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.
