Stunning Mountain View Retreat: Pristine 3BR/2BA Single-Level Home on 1.45 +/- Acres. The perfect blend of privacy, views, and modern convenience. Experience the serenity of mountain living in this meticulously maintained, move-in-ready home. Situated on nearly 1.5 acres of private, gently rolling land, this property offers the rare combination of peaceful seclusion without sacrificing proximity to city amenities. A two-car garage is conveniently located at the back of the home with easy, no-step entry directly into the interior, enhancing the ease of single-level living. A large, welcoming front porch with beautiful mountain views sets the tone for relaxed living and is the perfect place to unwind after a long day. Out back, a spacious deck is ideal for grilling and outdoor gatherings, while the generous lot provides plenty of room to roam, garden, or simply enjoy the natural surroundings. Step inside to an expansive open floor plan bathed in natural light. The main living area features soaring vaulted ceilings and genuine hardwood floors throughout the primary living areas, including the primary bedroom. At the heart of the living room, a cozy gas fireplace provides a warm focal point for chilly mountain evenings. The thoughtful split-bedroom floor plan ensures maximum privacy for the primary suite. With no HOA or restrictions, you’ll enjoy the freedom to truly make this property your own. Enjoy the best of both worlds—total privacy at home with quick access to essentials. You’re less than 16 minutes from the area’s premier grocery hub, featuring the brand-new Fresh Market along with a variety of shopping and dining options.
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.
