One or more photo(s) has been virtually staged. **BRAND NEW ROOF 2023** FULLY PAID OFF SOLAR PANELS FOR COST SAVINGS **Welcome home to this BEAUTIFUL home that sits on a PREMIUM corner lot of OVER A QUARTER ACRE, surrounded by conservation land with no rear neighbors—offering unmatched PRIVACY and peaceful nature views. Exceptional curb appeal welcomes you with a side-entry garage, STONE-ACCENTED entry, and a HUGE paver driveway. Inside, a thoughtfully designed split floor plan provides comfort and functionality. The center of the home is the open kitchen, boasting ABUNDANT cabinet space, granite countertops, a pantry, stainless steel appliances, trendy backsplash, and designer lighting. It flows seamlessly into the family room, where oversized sliding doors—equipped with MOTORIZED SHADES—frame serene conservation views and lead to the extended paver patio. Two secondary bedrooms share a Jack & Jill bath, while a third bedroom and full bath offer additional flexibility for guests. The SPACIOUS primary suite is tucked away on the opposite side of the home and features private patio access, a CUSTOM built-in closet system, and an ensuite bath complete with dual sinks, soaking tub, walk-in shower, and private water closet. This home also features a home office with a BUILT-IN DESK and cabinetry, enclosed with FRENCH DOORS. Outdoor living is a dream with a beautifully added paver patio, fire pit, and motorized shade, perfect for entertaining or relaxing while taking in the tranquil surroundings. This UNIQUE home is located in the desirable community of Triple Creek, where residents are granted access to THREE community pools, TWO clubhouses, TWO fitness centers, basketball, volleyball and tennis courts, an active social calendar, playgrounds, walking trails and SO MUCH MORE!
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.
