Located within two miles of shopping, parks, restaurants, churches, hospitals, urgent cares, I81 and more but hidden in plain sight on Walker Road , this original all brick raised ranch home, built in 1960 and masterfully renovated in 2020, offers a harmonious blend of timeless elegance and modern luxury. Set on a sprawling 0.99-acre lot with multiple outbuildings including a bank barn and utility sheds, the property boasts stunning pastoral views that create a serene backdrop for your exclusive lifestyle. As you approach, you are greeted by extensive hardscaping that enhances the curb appeal, complemented by meticulously crafted stone retaining walls, a wraparound deck, and an expansive brick covered terrace. The outdoor space is a true entertainer's paradise. Step inside to discover a meticulously maintained interior that radiates warmth and sophistication. The open-concept layout is adorned with rich hardwood flooring, luxury vinyl plank, and ceramic tile, providing a seamless flow throughout the living spaces. The heart of the home is the inviting living room, where a wood-burning fireplace serves as a focal point, perfect for cozy gatherings. The gourmet kitchen is a culinary dream, equipped with energy-efficient appliances, including a built-in microwave, double oven, and a built-in range, ensuring that every meal is a delight. The thoughtful design allows for effortless entertaining, with ample counter space and a layout that encourages interaction. This residence features four spacious bedrooms and two full bathrooms, each designed with comfort and style in mind. The home is elegantly appointed, showcasing modern fixtures and finishes that elevate your daily routine. Outside, the property is a sanctuary of tranquility, complete with play equipment for leisure and relaxation. The expansive driveway accommodates up to ten vehicles, while the attached and detached garages provide ample storage and convenience. This home is not just a residence; it's a lifestyle. Experience the perfect blend of luxury, comfort, and nature, all within a community that values exclusivity and tranquility. Don't miss the opportunity to make this exceptional property your own and indulge in the lifestyle you've always dreamed of.
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.
