This exquisite residence, built in 2021, offers a harmonious blend of modern luxury and timeless comfort. Spanning an impressive 3,354 square feet, this home is designed for those who appreciate the finer things in life while seeking a warm and inviting atmosphere. As you approach the property, the charming vinyl siding and architectural elegance design create an immediate sense of welcome. Step inside to discover a thoughtfully laid-out interior that seamlessly combines style and functionality. The heart of the home features a cozy fireplace, perfect for gathering with loved ones on chilly evenings, while large windows invite natural light to dance throughout the space, enhancing the inviting ambiance. The gourmet kitchen is a culinary enthusiast's dream, equipped with high-end appliances and ample counter space, making it ideal for both everyday meals and entertaining guests. The open-concept design flows effortlessly into the dining and living areas, ensuring that every moment spent here is filled with connection and joy. With three spacious bedrooms, including a luxurious master suite, this home provides a private retreat for relaxation. The master suite boasts an en-suite bathroom, complete with modern fixtures and finishes that elevate your daily routine to a spa-like experience. An additional full bathroom and a convenient half bath ensure that comfort and privacy are prioritized for all. The heated basement offers endless possibilities, whether you envision a home gym, a media room, or additional storage space. With rough bath plumbing already in place, the potential for customization is at your fingertips. Outside, the property sits on a generous 0.25-acre lot, providing ample space for outdoor activities or simply enjoying the tranquility of your surroundings. The attached front-entry garage accommodates two vehicles, ensuring convenience and ease of access. This residence is not just a home; it's a lifestyle. Experience the perfect blend of luxury and comfort in a community that values peace and privacy. With its modern amenities and inviting design, this property is ready to welcome you home. Embrace the opportunity to create lasting memories in a space that truly reflects your aspirations. Other features includes upstairs laundry room, 10 x8 storage shed, upstairs bonus room for entertaining/office space, and a custom accent wall in the foyer.
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.
