Nestled in the charming Sawhill community, this exquisite traditional residence, built in 2008, offers a perfect blend of elegance and comfort. The exterior showcases a stunning combination of brick and HardiPlank siding, complemented by tasteful bump-outs that enhance its architectural appeal. The meticulously designed landscaping features stone retaining walls and well-placed flood lights, creating a warm and inviting atmosphere as you approach the home. Step inside to discover a spacious and thoughtfully laid-out interior, where luxury meets functionality. With five generously sized bedrooms and five full bathrooms, plus two additional half baths, this home is designed for both relaxation and entertaining. The fully finished basement, complete with a walkout level and ample natural light, provides an ideal space for gatherings or a cozy retreat. The heart of the home is undoubtedly the gourmet kitchen, equipped with high-end stainless steel appliances, including an ENERGY STAR refrigerator, built-in microwave, and a self-cleaning wall oven. The down-draft cooktop and dishwasher ensure that culinary adventures are both enjoyable and efficient. The kitchen flows seamlessly into the dining and living areas, where two elegant fireplaces with glass doors create a warm ambiance for intimate evenings. The main floor laundry adds convenience to your daily routine, while the double-pane windows throughout the home ensure energy efficiency and comfort year-round. The inviting living spaces are adorned with plush carpeting and rich hardwood flooring, providing a luxurious feel underfoot. Outside, the property features a detached oversized garage with ample parking options, including off-street and on-street spaces. The well-maintained sidewalks invite leisurely strolls through the neighborhood, enhancing the sense of community. This home is not just a residence; it's a lifestyle. Enjoy the tranquility of suburban living while being just moments away from vibrant local amenities. Experience the perfect balance of luxury, comfort, and convenience in this exceptional property. Embrace the opportunity to make this stunning house your home, where every detail has been crafted for an elevated living experience.
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.
