Nestled in the serene Shawneeland community, this exquisite chalet-style residence offers a perfect blend of rustic charm and modern comfort. Set against a backdrop of breathtaking mountain views and scenic vistas, this home is a sanctuary for those seeking tranquility and an exclusive lifestyle. As you approach the property, the warm cedar exterior invites you in, exuding a sense of timeless elegance. The expansive 1.52-acre lot provides ample space for outdoor activities, while the thoughtfully designed outbuilding adds versatility for storage or creative pursuits. Step inside to discover a thoughtfully laid-out interior that boasts 1,449 square feet of finished living space. The rich hardwood flooring flows seamlessly throughout, creating a warm and inviting atmosphere. The main floor laundry adds practicality to your daily routine, allowing you to enjoy the comforts of home without the hassle. The heart of the home features a kitchen equipped with appliances, including an electric oven/range, microwave, and refrigerator. With three spacious bedrooms and two full bathrooms, this residence offers ample space for relaxation and rejuvenation. Each room is bathed in natural light, enhancing the inviting ambiance and providing a peaceful retreat at the end of the day. The outdoor space is equally captivating, with stunning mountain views that create a picturesque backdrop for your daily life. Imagine sipping your morning coffee on the porch while soaking in the beauty of nature or hosting evening gatherings under the stars. Located in a desirable mountain community, this home offers not just a residence but a lifestyle. Enjoy the tranquility of nature while being just a short drive from local amenities and recreational opportunities. This property is a rare gem, combining comfort, and the beauty of the great outdoors. Experience the essence of mountain living in this exceptional chalet, where every detail has been crafted to provide a sense of home and comfort. Embrace the exclusive lifestyle that awaits you in Shawneeland.
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.
