Curb appeal shines as you arrive to a newly renovated front yard featuring astroturf, palm trees, and a charming front porch with a cozy seating area. This stunning Pulte contemporary home in the Avelina community offers 5 bedrooms, 3 full baths, and 1 three-quarter bath across 3,286 sq ft of living space, and is situated on a 6543 SF lot. A main-level bedroom and full tub/shower bath sit privately to the right of the entry. Step into the formal foyer, where tall, dramatic ceilings and abundant windows fill the space with natural light. The formal living room welcomes you with crisp contemporary tones and stainless-steel lighting. Continue down the hallway to the expansive great room, showcasing a granite-island kitchen equipped with a refrigerator, dishwasher, oven with gas cooktop, microwave, and dual stainless-steel sink. Storage is abundant with extensive cabinetry and two walk-in pantries, including a convenient desk nook before the second pantry. The great room is lined with windows and a glass slider overlooking the thoughtfully designed backyard, complete with concrete patio pads, a gazebo, astroturf, succulents, and a dedicated pad with a jacuzzi. Upstairs, a spacious loft greets you at the top of the carpeted staircase. Four bedrooms are located on this level, including a generous primary suite with dual sinks, walk-in shower, large walk-in closet, and private toilet room. Two secondary bedrooms share a Jack-and-Jill bathroom, each with its own walk-in closet. A fourth upstairs bedroom and an additional full bath complete the second level, bringing the total to four bedrooms and three bathrooms upstairs. The home also features a desirable three-car pull-through garage. The rear portion of the pull-through has been cleverly plumbed to create a potential SIXTH bedroom and bathroom ADU setup. The back, pull-through garage area is presently transformed into a cozy couch retreat featuring a big-screen TV, while the front area of the garage still allows 2 cars to be parked with storage areas. The Tesla solar system is 27 panels on a lease, and a huge savings on the electric bill! The possibilities are endless with this home. Located in the sought-after Avelina community, this home offers exceptional style, space, and valuewith very low HOA fees.
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.
