Prepare to be taken away by this breathtaking, turn-key ranch that effortlessly blends comfort, space, and versatility for no matter your family size! Featuring 4 bedrooms and 3 full baths on the main level, this thoughtfully designed floor plan offers true one-level living with no reason to compromise. The spacious Owner’s Suite is a private retreat, complete with a tray ceiling, oversized double vanity, separate garden tub, knee walled tiled shower, and a very generous walk-in closet. A street view suite with its own full bath, two bedrooms, provides plenty of space for family and guests. The bright and inviting family room serves as the heart of the home, with the shiplapped fireplace matching the island and dining space for added warmth and southern charm. The open-concept kitchen and breakfast area overlook the family room and are designed for both everyday living and entertaining, featuring a large corner pantry, serving bar, arge farmhouse apron front sink, massive granite island, matching appliances and soft-close cabinets doors. Beautiful, cohesive finishes flow seamlessly throughout the kitchen, dining, and living areas, showcasing the home’s immaculate disposition. The expansive terrace-level basement offers a rare opportunity to tailor this home to your personal taste—nearly complete and thoughtfully prepared, it awaits only your selection of flooring to reach its full potential. Boasting approximately 2,000 square feet, this additional space mirrors the main level in scale and serves as the perfect finishing touch for those seeking both comfort and customization. Enter to discover two additional bedrooms featuring walk-in closets, a fully functional bathroom, a second living area, private entry, and abundant storage, half kitchen and an open concept flex space. This space is ideal for multigenerational living, entertaining, a game room, home theater, or whatever your lifestyle your brings- it can handle! Still gasping... take a step outside to enjoy the covered patio and covered deck—perfect for solace or hosting gatherings any time of year. A rare find at this price point, this home offers the perfect opportunity to create your dream space while enjoying a truly turn-key property.
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.
