This beautiful home has only had one-owner who keeps it in immaculate condition! As you enter through a beveled glass door to the foyer, your eyes immediately look to a fabulous open floor plan, with a large living room, spacious dining room, and a nice kitchen with huge island, stainless steel appliances, granite counters, attractive glass backsplash, and a walk-in pantry. The two-bedroom split plan offers privacy for the owner's suite and the guest suite. The bathroom in the primary bedroom has a beautiful walk-in shower plus a spacious closet. There is a French door in the bedroom that leads to the covered patio with serene views over the conservation lot. The guest bedroom has a spacious closet and close access to the second bathroom which features a lovely soaking tub & shower combo. The home features custom window treatments, plantation shutters and blinds throughout, a tankless water heater, stack front loader washer & dryer, and new Karastan carpets in the two bedrooms. Pavers have been extended on the side and rear yard with beautiful stones in the flower beds, the perfect spot for enjoying the view! The roof is only 4 years old, and the huge garage has a vent installed, plenty of storage space, and the garage floor has a special coating. Call now for an appointment to see this beauty in a resort-style community with 57,000 sq. ft. clubhouse, restaurant & bar, pool & spa, state-of-the-art fitness center, pickle ball and tennis courts, 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.
