PRICE IMPROVEMENT! Welcome into this gorgeous two-story home located in the highly sought-after Strawberry Ridge subdivision, where luxury, comfort and community come together beautifully! From the moment you step into this impressive home, you are greeted with the two-story foyer with its stunning all wood, split staircase. You'll instantly feel right at home. Designed for both elegant entertaining and every day living. This home features a formal dining room, private office with double doors, and a warm inviting family room highlighted by gleaming wood floors (hardwood floors throughout the home...NO CARPET), built-in bookcases surrounding a gorgeous stone, gas fireplace. The spacious breakfast room opens through sliding glass doors to an oversized, maintenance-free deck.....creating the perfect setting for morning coffee, summer barbecues, or relaxing evenings overlooking the backyard. The kitchen is truly the heart of the home, featuring custom cabinetry, solid surface countertops, double ovens, and two pantries. Makes cooking and hosting effortless. Convenience meets functionality with a main-level laundry room complete with custom built-ins. Upstairs, the luxurious primary ensuite offers a peaceful retreat with a spa-inspired bath featuring double vanities, a soaking tub, and separate shower. Also features a double closet PLUS a very spacious walk-in closet with custom built-in cabinetry. You'll also find 3 additional generously sized bedrooms and another full bath which provides plenty of room for everyone. The unfinished walk-out basement offers incredible potential with a 9-foot pour and two egress windows, making it ideal for future living space. There's even a sprinkler system for easy lawn maintenance. Beyond the home itself, Strawberry Ridge offers an exceptional lifestyle with its beautiful clubhouse, large pool, and welcoming neighborhood atmosphere. Whether you enjoy entertaining, working from home, or simply relaxing in comfort, this home truly has something for everyone. ****Be sure to click on the attached video (the movie reel) for the true experience. Roof, siding, patio door, kitchen window have all been replaced in the last 6 months. Home has already passed occupancy, so ready for a quick sale. This isn't just a home.....IT'S A LIFESTYLE.
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.
