Nestled on a serene 1.03-acre lot in a tranquil cul-de-sac, this exquisite traditional residence offers a harmonious blend of luxury and comfort. The exterior, adorned with Dryvit and vinyl siding, invites you into a world of refined living. A spacious paved driveway with additional RV pad and 30amp hook-up leads to an oversized attached garage, with a workshop and additional storage. Step inside to discover a thoughtfully designed interior that exudes warmth and sophistication. The heart of the home features a delightful eat-in kitchen, equipped with high-end appliances including a built-in microwave, double ovens, dishwasher, and refrigerator, making it a culinary haven for any home chef. The breakfast area is perfect for casual dining, while the dining room sets the stage with plenty of room for all gatherings. The expansive living spaces are enhanced by insulated Anderson windows that bathe the home in natural light, creating an inviting atmosphere, and the additional living area can be used a home office. A cozy fireplace serves as a focal point in the living area, perfect for unwinding on chilly evenings and connects to the outdoor covered patio, pool, and hot tub. The staircase leading upstairs is modern and bright , and leads to four additional bedrooms. The primary on -suite has great views, with a walk -in closet large bathroom with jacuzzi tub and direct access to the laundry room through your closet. There are 3 addl. bedrooms, all with great views and huge closets. The fully finished walkout basement offers additional versatility, ideal for a workshop or recreational space, seamlessly extending your living area. Indulge in relaxation with your very own hot tub directly built in to the deck, where you can unwind while enjoying the beautiful sunsets of the surrounding landscape. The cleared and sloping lot provides a picturesque backdrop, perfect for outdoor activities or simply enjoying the tranquility of nature. This home is equipped with modern security features, including automatic flood lights, a whole house Generac generator, ensuring peace of mind. The thoughtful layout and high-end finishes throughout create an atmosphere of luxury, making it an ideal retreat for those seeking an exclusive lifestyle. With no community association fees, you have the freedom to personalize your space without restrictions. This property is not just a home; it's a lifestyle choice that offers both comfort and elegance in a picturesque setting. Experience the perfect blend of luxury and tranquility in this stunning residence, where every detail has been meticulously crafted for your enjoyment.
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.
