9720 Lemon Drop Loop is a 4-bedroom, 2.5-bath, approximately 1,914 square foot home featuring the Atlanta floorplan by Lennar, located in the Belmont community and just a short distance to shopping, dining, great schools, major highways for commuting, nearby hospitals and healthcare, and community amenities. From the moment you walk in, your eye is drawn straight through the home to the exceptionally large covered and screened-in lanai. Finished with brick pavers, this space feels like a true extension of the main living area and creates an easy, cozy and comfortable indoor-outdoor flow that works well for everyday living and entertaining. The fully fenced and landscaped backyard provides privacy, room for pets to roam, and plenty of space remaining if you’d like to add a pool in the future. Inside, the main floor has a modern clean, open layout with the kitchen, dining, and living areas connected in a way that feels both spacious and functional. The kitchen is well laid out with stainless steel appliances, granite countertops, a large center island, espresso cabinets with under-cabinet lighting, and a light custom stone backsplash, making it a comfortable roomy space for daily meals or hosting friends and family. The rooms throughout the home are open and well sized, with natural flow from one space to the next. Upstairs you will find 4 large bedrooms along with a versatile loft that works well as a home office, media room, or extra living space. The owner’s suite is generously sized and includes a private bathroom with an updated custom classy glass shower door and a spacious walk-in closet. A conveniently located upstairs laundry room helps keep daily routines simple and organized. Additional features include laminate wood plank flooring throughout the entire home with no carpet anywhere, custom accent painted walls, upgraded lighting fixtures, ceiling fans, keyless entry, hurricane shutters, a Ring doorbell, and a 2-car garage providing both parking and storage. Belmont is a well-planned community offering amenities such as a community pool, playground, tennis and basketball courts, walking trails, and a clubhouse, all contributing to a comfortable, connected neighborhood feel while remaining close to everyday conveniences.
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.
