Welcome to this move-in ready oasis, situated on a private nearly half-acre lot in a sought-after swim community. This beautifully updated residence is conveniently located directly across from the neighborhood pool, offering the ultimate in convenience and lifestyle. Located in one of the last neighborhoods zoned for the highly regarded Russom Elementary School. Step inside to discover tall vaulted ceilings that create an airy, spacious atmosphere filled with natural light, with modern matte black finishes adding a sleek sophistication to the bright, open-concept layout. The updated kitchen is a chef's dream, featuring granite countertops, stainless steel appliances, a farmhouse sink, and a stylish subway tile backsplash. This space flows effortlessly into the main living area, making it perfect for entertaining guests. The spacious owner's suite serves as a private retreat, complete with a custom barn-door closet and an oversized ceiling fan. Indulge in the spa-like en-suite bathroom featuring dual granite vanities, a luxurious soaking tub, a frameless glass shower, and designer tile flooring. The finished basement offers valuable flexibility with a bonus room that can serve as a home office, gym, media room, or playroom, catering to today's lifestyle demands. Enjoy outdoor living on the wraparound deck that overlooks the fully fenced backyard, an excellent space for pets, entertaining guests, or unwinding at the end of the day. An oversized garage with high ceilings provides ample storage space, while the home's convenient location near Highway 92 offers quick access to shopping, dining, parks, and major commuter routes-allowing for a balance of suburban tranquility and convenience. With a low monthly HOA, you will enjoy the benefits of community amenities, including the pool and clubhouse, enhancing your neighborhood lifestyle. This extraordinary home is a rare find, combining modern updates, a fantastic location, and desirable features!
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.
