Welcome to Clifton, welcome to 12820 Dunvegan — a truly exceptional, professionally remodeled estate where timeless elegance meets modern luxury. With over $700,000 in high-end renovations completed in the last four years, this one-of-a-kind residence has been recognized with multiple prestigious awards for design excellence at both regional and national levels. At the heart of the home is a stunning, award-winning transitional English kitchen, recently featured as part of top 2025 kitchen design trends. This transitional modern English kitchen was featured in Martha Stewart living on-line Magazine as an example of one of the top kitchen trends for 2025! Thoughtfully designed with rich wood cabinetry, soapstone and butcher block surfaces, architectural details, and a show-stopping tiled arch with integrated spice shelving, this space blends warmth, function, and sophistication. The kitchen is complemented by over $30,000 in chef’s-grade appliances, including a Wolf professional gas range, Sub-Zero refrigerator, Bosch dishwasher, and additional built-ins. Designed for effortless main-level living, the home offers a spacious primary suite with custom closets and a spa-inspired bath featuring a copper soaking tub, dual shower heads, rain shower, and designer finishes. The main level also includes an inviting dining room, sunroom/office, cozy living room, and elegant sitting parlor. Upstairs, you’ll find four generously sized bedrooms, including two en-suite bedrooms and a Jack-and-Jill bath serving the additional rooms—offering flexibility for a second primary suite or multi-generational living. The fully finished, sun-filled walk-out lower level is an entertainer’s dream, featuring a 200+ bottle wine room, a professionally equipped 7-seat home theater with in-wall speakers, gym, yoga/meditation room, office/art studio, full bath, granite bar, library with stone fireplace, huge walk-in safe, and abundant custom storage throughout. Recent upgrades include a whole-house Generac generator (2025), new high-efficiency basement windows (2025), second-floor HVAC system (2023), high-capacity water heater (2023), and a lifetime roof (2019). Additional highlights include solid maple flooring with walnut inlay, crown molding, fresh paint, custom mudroom and pantry, and new carpeting. Set on a picturesque lot with professional landscaping, exterior lighting, and mature fruit trees (apple, pear, and cherry), the expansive backyard offers endless possibilities—perfect for a future pool, equestrian use, or simply enjoying the serene, park-like setting. This is a rare opportunity to own a meticulously curated, award-winning home where every detail has been thoughtfully designed and executed.
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.
