Welcome Home! This stunning 4 bedroom, 3.5 bath Rambler with a finished basement has it all. From the moment you pull in the driveway you will notice the pristine yard with an irrigation system in the front and back yard, amazing exterior house lighting package to include landscape and downlights on front, sides and rear of house and detached garage, a total of 6 garage space and plenty of parking with the widened driveway. Then you enter the home and see the luxury vinyl plank throughout the main level, formal dining room, open kitchen that leads to the sunroom on one side and family room on the other side. Imagine beginning and ending your day with either sitting in this gorgeous sunroom and looking outside or if you enjoy the fresh air, just step outside onto the deck that is surrounded by mature, beautiful trees and completely fenced in. The family room has a gas fireplace and coffered ceiling and off the kitchen of your dream with QBHI's Grand kitchen, double wall ovens, gas cooktop and specialty hood, backsplash, upgraded refrigerator with bottom freezer, kitchen Island and breakfast bar, backsplash, granite, plus large pantry! The large Owners suite has a cathedral ceiling, 2 walk in closets, and an on suite bath with HUGE soak in tub, separate vanities, plus a deluxe shower with upgraded tile. Mudroom/laundry room located right off of the garage with built in bench with cubbies for added storage. The other side of the rambler features the other 2 bedrooms that share the hall bathroom with extra large vanity and a study with powder room. All of this and now we move to the basement... there is a large recreation room with access to the backyard, bedroom with walk in closet, full bathroom, plus unfinished area with utilities and storage area. Lets not forget about the added bonus of the 3 car detached garage that is every car enthusiasts dream with many upgrades including a car lift, heat and AC! This gorgeous home shows the pride of homeowners and with being just over 4 years old the sellers have made many improvements already. Including, Luxury Vinyl Plank flooring on main level -Mitsubishi Split AC/Heat System installed in detached garage -54” Aluminum fence with 10’ double gate and 5’ single gate -Widened driveway three feet -Kinetico water conditioning system with ultraviolet sterilizer -Downspouts have been extended underground to rear property line -Generac 22kW standby generator -Hunter Pro Irrigation front and rear yard -Metallic Epoxy flooring detached garage -Complete exterior house lighting package to include landscape and downlights on front, sides and rear of house and detached garage -Hardwired backyard flood lights -Upgraded Chandeliers Do not wait, schedule your 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.
