This breathtaking home perfectly blends open concept and traditional layout elements, offering both formal and casual spaces for every occasion. Even Nicer it has NO HOA!!! The Formal Living and Dining Room create an elegant setting for entertaining, while the newly renovated open kitchen—with countertop seating and a spacious pantry flows seamlessly into the eat-in kitchen area and family room. Ample counter space makes it ideal for preparing and serving family meals. A beautiful Sunroom, featuring large windows and its own dedicated cooling and heating unit, overlooks the expansive backyard. This space is designed for family gatherings or peaceful relaxation, allowing you to enjoy the scenic surroundings year-round. Upper-Level Comfort boasts two primary suites with their own ensuites and walk-in closets. The main spacious owner's suite with an ensuite bathroom features a walk-in shower, his and her walk-in closet and a private linen closet with additional storage. The Italian-inspired bathroom is equipped with soft-closing cabinets and abundant storage space. Three additional bedrooms, a hall bathroom, and a second master suite with its own ensuite are situated at the end of a 60-foot hallway, offering a total of five bedrooms. The lower level of the second Master Suite offers versatility, functioning as an office or media room. For the main home area, a finished basement enhances the main living space, complemented by a laundry room and a large storage area. Surrounded by trees, this home emphasizes the natural beauty of the property. Luxury features abound, recess lighting, ceiling fans and new light fixtures throughout, this home is also in an ideal location near shopping and easy access to major freeways. The home is fully remodeled from top to bottom and includes a new roof, a beautifully finished garage with built-in storage, extra parking in the driveway, and street parking. Ready for its new owner, this spectacular home is move-in ready, showcasing all its upgrades. Experience the comfort, beauty, and convenience this property offers.
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.
