STUNNING custom-built home loaded with upgrades, exceptional outdoor living, and MOVE-IN READY! From the open-concept layout to the private backyard retreat with POOL, OUTDOOR KITCHEN, and EXTRA GARAGE SPACE, this home truly offers the TOTAL PACKAGE for comfort, entertaining, and everyday living. This beautiful home features a SPACIOUS OPEN FLOOR PLAN with a Large GRANITE ISLAND BAR, granite countertops, tile backsplash, stainless farmhouse sink, and stainless appliances, including a REFRIGERATOR THAT STAYS. The kitchen also offers a DOUBLE-DOOR PANTRY and opens seamlessly into the EXPANSIVE FAMILY ROOM highlighted by a GAS LOG FIREPLACE with STONE SURROUND. A FORMAL DINING ROOM with COFFERED CEILING adds elegance, while LAMINATE WOOD FLOORING THROUGHOUT THE MAIN LEVEL enhances the warm, inviting feel. A convenient HALF BATH off the kitchen is perfect for guests. Upstairs, you'll find a GRAND OWNER'S SUITE with TRAY CEILING, FIREPLACE, and space for KING-SIZE FURNITURE. The spa-like bath features OVERSIZED HIS & HERS VANITIES, TILE FLOORS, CUSTOM WALK-IN CLOSET, a relaxing SOAKING TUB, & Shower. Two additional SPACIOUS BEDROOMS, each with WALK-IN CLOSETS, plus a LARGE LOFT / BONUS ROOM, provide excellent flexibility for family, office, or recreation space. NEW CARPET upstairs and FRESH INTERIOR PAINT make this home feel brand new. The BACKYARD IS TRULY SPECIAL, offering a SCREENED BACK PORCH, OUTDOOR KITCHEN AREA with BLACKSTONE GRILL and BEVERAGE REFRIGERATOR, LARGE STAMPED CONCRETE PATIO, and SIDEWALK leading to POOL DECK-all enclosed by a WHITE VINYL PRIVACY FENCE. A DETACHED 2-CAR GARAGE with HEAT & AIR provides incredible flexibility, in addition to the ATTACHED SIDE-ENTRY 2-CAR GARAGE and EXTENSIVE CONCRETE PARKING. A STORAGE SHED is perfect for pool equipment or gardening tools. Additional highlights include UPDATED LIGHT FIXTURES, CEILING FANS, and thoughtful custom touches throughout. PRIME LOCATION just minutes to the interstate for easy commute!
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.
