Welcome to this bright, two-story home blending comfort and functionality. The open-concept main floor flows seamlessly from the dining area into a remodeled kitchen, complete with white shaker cabinets, quartz countertops, a designer backsplash, stainless steel appliances, and a walk-in pantry. Nearby, a cozy fireplace anchors the inviting living room. A dedicated office/ (and or) downstairs BDRM and a separate laundry room add daily convenience. Upstairs, the primary suite features dual vanities, a soaking tub, a separate shower, and a walk-in closet. Generous additional bedrooms and baths offer plenty of flexibility. Outside, the backyard features a oversized covered patio, a pebble tech HUGE pool W/ Waterfall, a lush lawn, and scenic mountain views on a Premium oversized Double LOT Custom: Basketball court on side of house!!! this back yard is the ultimate PLAY Crib for kids and young at heart adults! 2.5Car Garage! CUL DE SAC Living... Location is ideal near Golf cub of Estrella, Westar Elem school/ JR High and walking distance to parks, high school, lakes, corgett wash trail & much more! The home has a potential multi-generational living space with a downstairs bedroom & Full BATH! *********SOLAR SAVINGS********* energy efficient home literally has Very little ELECT bills and sometimes NO BILLS with credit from this over 100% OFFSET solar system!! SEE DOCUMENT TAB for goodies on Bills, efficiency, solar panels, warranty, etc.. SOLAR is PAID (over a $93K VALUE) * (WOW!). some other updates and additions: Newer paint, garage racks, shutters, custom chair rails, 8' baseboards, Wainscoting in the right areas!! Master BDRM is MASSIVE with custom CALI closet built ins. many other major mechanical updates. Absolute TURN KEY! LETS... GOOO...!
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.
