PRICE IMPROVEMENT + CUL-DE-SAC LIVING IN ARCHER SCHOOL DISTRICT! With a significant recent price improvement and an unbeatable combination of location, layout, and lifestyle, this is an opportunity buyers won't want to miss., this beautifully maintained 4-bedroom, 3-bath home delivers the space, privacy, and lifestyle buyers have been waiting for - all tucked away on a quiet cul-de-sac in the highly sought-after Archer School District. From the moment you arrive, the home's inviting curb appeal and contemporary design make a lasting impression. Inside, you'll find a thoughtfully designed floor plan that blends comfortable everyday living with ideal entertaining spaces. The spacious family room creates the perfect gathering place for cozy evenings or game-day hosting, while the open kitchen and breakfast area serve as the true heart of the home with seamless flow and functionality. Formal living and dining rooms with upgraded lighting offer elegant spaces for holidays, celebrations, or entertaining guests. Upstairs, retreat to an oversized primary suite designed for comfort and relaxation. Complete with a generous sitting area, dual oversized closets with additional hidden storage, and a spa-inspired bath featuring a soaking jacuzzi tub, separate shower, and marble tile finishes, this private retreat feels like a getaway within your own home. Additional bedrooms are generously sized, and the versatile loft area provides endless flexibility for a home office, media room, workout space, or playroom. Step outside to one of the best backyard lots in the neighborhood - fully fenced, private, and spacious enough to create your dream outdoor oasis. Whether you're hosting cookouts on the extended patio or envisioning a future jacuzzi retreat, this backyard offers room to relax, entertain, and enjoy. Conveniently located just minutes from shopping, dining, and major highways, this home combines peaceful cul-de-sac living with everyday accessibility. Schedule your private showing 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.
