Spring has Sprung and your new home is Here! Welcome to this super spacious 3 bedroom, 3.5 bathroom home in the lovely Brittany Pointe neighborhood. Located between Springfield lake and Wingfoot lake, 5 minutes to Giant Eagle & great local eateries, 4 minutes to the Springfield Bog Metro Park and just 3 minutes to Planet Fitness! Tucked back on a cul-de-sac with a peaceful wooded view from the back yard. Inside you will enjoy the modern gray-tone style. LVT runs through the entire main floor. A spacious living room flows into the open dining area and kitchen. The gas fireplace creates a cozy atmosphere that can be enjoyed from the living room, dining room and kitchen, during our cold winters. Whether cooking or entertaining, the kitchen provides incredible space, with extensive countertops, stainless steel appliances and a wine/beverage cooler! Sliders take you out to the composite/vinyl deck, overlooking the charming picket fence lined back yard. Past the kitchen is a super convenient half bathroom and garage access. Up to the second floor to find the primary suite, 2 additional large bedrooms, guest bath and laundry room! Beautiful marble and tile shine in the custom master bath, with double vanity, walk-in shower and linen closet. There's nothing better than a second floor laundry room too! Be sure to check out the finished basement with an awesome game/movie room and a 3rd full bathroom! The only thing that's missing is YOU calling it 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.
