Nestled in the prestigious Charles Crossing community, this exquisite Colonial-style residence offers a harmonious blend of elegance and comfort, perfect for those seeking a refined lifestyle. Built in 2007, this stunning home spans 3,150 square feet and is designed to cater to both relaxation and entertainment, making it an ideal sanctuary for modern living. As you approach the property, the classic brick façade and combination materials create an inviting first impression. Step inside to discover a thoughtfully designed layout that seamlessly connects the living spaces, allowing for effortless flow and natural light. The heart of the home features a cozy fireplace, perfect for gathering with loved ones on chilly evenings, while the spacious living areas provide ample room for both intimate gatherings and grand celebrations. The gourmet kitchen is a culinary enthusiast's dream, equipped with stainless steel appliances and generous counter space, making meal preparation a delight. This residence boasts three well-appointed bedrooms, each offering a serene retreat at the end of the day. The luxurious primary suite features an en-suite bathroom, complete with modern fixtures and finishes that evoke a spa-like ambiance. With three full bathrooms and an additional half bath, convenience and comfort are paramount. Step outside to your private oasis, where a community pool awaits just a short stroll away, offering a refreshing escape during warm summer days. The meticulously maintained outdoor space is perfect for hosting summer barbecues or simply enjoying a quiet evening under the stars. Additional highlights of this remarkable home include a walkout basement with potential for customization, an attached two-car garage for added convenience, and a prime location within a vibrant community that fosters a sense of belonging. Experience the luxury of living in Charles Crossing, where every detail has been carefully curated to provide an unparalleled lifestyle. This home is not just a place to live; it's a place to thrive. Embrace the opportunity to make this exquisite residence your own and enjoy the perfect blend of sophistication and comfort.
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.
