This gorgeous home is back on the market. Home was under a contingency which buyers were not able to meet. Home is move in ready and available for a quick close. Gorgeous Craftsman Style Home offers Privacy, Style & Convenience! HOME MAY QUALIFY FOR AN ASSUMABLE VA LOAN WITH INTEREST RATE OF 4.65% Welcome to this stunning, recently constructed craftsman-style residence with 4 bedrooms and 2½ baths on just over ½ acre of land. Enjoy peaceful country living while still just 10–15 minutes from grocery stores and restaurants. Step onto the large covered front porch, perfect for rocking chairs and quiet mornings. Inside, the open floorplan flows effortlessly: luxury vinyl plank flooring runs throughout, and the kitchen opens directly into the living and dining areas. The kitchen has a built-in pantry, a farm-style sink, stainless steel appliances, black leather-finish granite countertops, tile backsplash, and an island with a bar-area for casual dining. Vaulted ceilings enhance the space. The living room also features vaulted ceilings. A wide hall with convenient storage for coats and shoes leads to the guest half-bath. The split-bedroom layout offers privacy for everyone. The master suite has tiled shower with a built-in bench and dual shower heads, marble flooring, dual sinks, a brick accent wall for character, and a large walk-in closet. The three additional bedrooms are generously sized. A full bath with dual sinks and a shower/tub is located in the hallway for convenience. A second brick accent wall adds character to the hallway. A large laundry room provides access to the backyard deck and fully fenced yard, with dual side entries for added convenience. This home blends country comfort with modern finishes, privacy with proximity — schedule your private tour today!
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.
