**$175K UNDER APPRAISED VALUSE**NOW IS YOUR OPPORTUNITY TO HAVE YOUR OWN STAYCATION PARADISE!**Stunning Ranch-Style Retreat with Pool & Finished Basement on Private Acreage** Welcome to this absolutely amazing ranch plan—a rare gem that truly has it all. Nestled on a beautifully landscaped and private lot, this home offers the perfect blend of luxury, space, and comfort in a prime location with top-rated schools. Step inside to find four spacious bedrooms on the main level, including a grand owner’s suite with a spa-inspired bath featuring double vanities, a separate shower, and a luxurious whirlpool tub—your personal oasis of relaxation. The heart of the home is the expansive kitchen, complete with abundant cabinetry and a large eat-in breakfast area, perfect for casual dining or entertaining. It opens seamlessly into an oversized family room highlighted by a striking stone fireplace, ideal for cozy evenings at home. Work from home with ease in the dedicated main-level office, and enjoy the convenience of a large laundry room with a utility sink for added functionality. Step outside to the covered and screened deck with a vaulted ceiling, offering the perfect spot for year-round enjoyment. The fully finished basement is an entertainer’s dream—featuring a second full kitchen, living room, bedroom, music/media room, cedar closet, and a versatile workout/dance studio. Outdoors, this home is equally impressive with incredible landscaping, raised garden beds, a level, fully sodded yard, and a beautiful IN-GROUND POOL for endless summer fun. There's even an adorable she-shed—perfect for storage, planting, or creative hobbies. This home is truly one-of-a-kind—offering comfort, style, and space both inside and out. Don’t miss your chance to make it yours! You won't want to miss out on this rare find!!
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.
