UPDATED HOME IN THE HIGHLANDS WITH A FLEXIBLE LAYOUT, HIGH-END FINISHES, AND MULTIPLE OUTDOOR LIVING SPACES! This home delivers the space, flow, and upgrades today’s buyers are looking for—paired with access to one of the area’s most sought-after communities. Step inside to a bright home office with hardwood floors, recessed lighting, and two large windows, perfect for working from home. Just beyond, you’ll find two secondary bedrooms with carpet and ceiling fans, offering comfortable and functional living space. The main living area is designed for connection, featuring an open-concept kitchen, dining, and living space with hardwood floors throughout. The kitchen stands out with an oversized island, quartz countertops, under-cabinet lighting, stainless steel appliances, gas cooking, a large pantry, and recessed lighting. The dining area flows directly into the living room, highlighted by a stone fireplace, beamed ceiling, and an abundance of natural light. The primary suite offers hardwood floors, a tray ceiling with ceiling fan, and two walk-in closets, along with an ensuite bath featuring dual vanities and a tiled shower with built-in bench. The finished basement adds even more versatility with LVP flooring and recessed lighting throughout, a fourth bedroom, and a large rec room with multiple zones—perfect for a media space, game room, or entertaining. Plus unfinished area for future expansion Outdoor living is just as impressive, with a covered patio off the main level featuring ceiling fans and recessed lighting, plus a second covered patio off the basement complete with a hot tub, creating multiple spaces to relax or entertain. Additional highlights include a covered front porch, paved driveway, and a two-car garage. Located in The Highlands, enjoy access to a golf course, clubhouse, pool, tennis courts, walking trails, and scenic surroundings, all while being conveniently located near major roadways, shopping, and dining.
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.
