MOTIVATED SELLER - DO NOT BE AFRAID TO MAKE AN OFFER - ASK YOUR AGENT TO SEE THIS TODAY...THEN GO HOME AND WRITE THAT OFFER!!! Rare find available now in the prestigious gated community Soaring located within the highly sought out Tate school system. Coming through the gate and pulling up to this home you will appreciate the beauty of this subdivision and the curb appeal this home brings. Walking inside you have the grand entrance you would expect! To the right is an office/study and to the left is the formal dining room or additional living room. Walking past the staircase you enter the Great room featuring a massive living room that flows nicely into the kitchen and is open to the second floor for a luxurious and impressive view. The kitchen is perfect if you love to cook and gather with family. With a hop up bar and breakfast nook that pours out into a sunroom perfect for your morning coffee. The back of the kitchen leads to the laundry room and two-car garage. On the other side of the living room you will find the master bedroom secluded and tucked away with a huge ensuite that includes granite counters, dual vanity, walk in shower and separate garden tub. Heading upstairs you will find all of the additional bedrooms, a guest bath, and a huge second living room that you have to see to believe. The views from the balcony are stunning. Ok let's head out back and check out the best part. The patio is fabulous with a stone fire-pit, a massive in-ground gunite pool, and separately fenced off side yards. One side has the AC and pool equipment, the other is for the kids and pets plus the seller is leaving the huge playhouse and trampoline. With no rear neighbors due to the neighborhood common area behind your home you will enjoy your little slice of Harmony in peace. There are NO homes this size available especially turnkey and priced to move. This will not last long 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.
