UPDATE: Seller is offering $10,000 dollar concession for new carpet! This stunning custom-built home, lovingly maintained by its original owner since 2012, offers the perfect blend of luxury, comfort, and functionality. Featuring 5 bedrooms, 3.5 bathrooms, a private office, formal living and dining rooms, and thoughtfully designed gathering spaces, this spacious home was built for both everyday living and exceptional entertaining. The main-level owner's suite serves as a private retreat with a spa-inspired bathroom featuring double vanities, granite countertops, a walk-in tiled shower, jetted soaking tub, two oversized walk-in closets, and abundant linen storage. The expansive formal dining room comfortably seats 12 guests, while the inviting living room easily accommodates a 77-inch television, creating the perfect central gathering space. The main floor showcases beautiful hardwood and tile flooring throughout, with carpet reserved for the comfort of the owner's suite. In the heart of the home, the gourmet kitchen features a large island, granite surfaces, a striking mosaic tile centerpiece in the eat-in kitchen area, a brand-new induction range and stove, and a large wraparound bar with seating for five -- ideal for casual dining, entertaining, and family gatherings. A spacious walk-in pantry, oversized laundry room, and additional main-floor storage area provide exceptional convenience and organization. The finished garage features durable epoxy flooring for a polished, high-end appearance. Upstairs, you'll find four additional bedrooms, two full bathrooms, and a spacious second living area that creates the perfect separation of space for family living, guests, or a dedicated media/playroom area. The home also features a walk-in attic leading to an expansive third-floor storage area, providing exceptional storage capacity rarely found in homes today. Step outside into your own private resort-style backyard featuring a breathtaking 20x40 gunite pool complete with a dramatic jump rock and a spacious hot tub with seating for 6-8 guests. The pool's premium aggregate finish incorporates recycled red and blue glass that beautifully catches the sunlight, creating a sparkling effect throughout the summer months. Designed with entertaining in mind, the outdoor space is already pre-wired with electrical for the future outdoor kitchen of your dreams. This exceptional property combines timeless craftsmanship, upscale finishes, abundant storage, flexible living spaces, and resort-style outdoor living in one remarkable home.
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.
