**VA Buyers may benefit from a 2.75% Assumable Loan w/ estimated balance of around $522,000 through Planet Home Lending. Contact the listing agent for details.** Welcome to this meticulously maintained 4 BR x 3 BA two-story home in the sought-after Independence community, perfectly positioned on a premium lot backing directly to open space with panoramic meadow views and no immediate rear neighbors. This home offers modern construction with numerous builder upgrades already completed—allowing you to move in and enjoy from day one. The main level features a bright, open-concept layout with a spacious great room capturing panoramic vistas of the rolling hills and open space. The well-appointed kitchen anchors the home—designed for both daily living and entertaining — and showcases slab granite countertops, a center island with bar seating, chic granite tile backsplash, gas cooktop, SS appliances, ample prep space, and built-in hanging storage for pots and pans. The adjacent dining area opens to a covered deck overlooking the nature views—ideal for relaxing evenings. Thoughtful design touches include plantation shutters, luxury vinyl plank flooring, newer carpet, and custom automatic roller blinds. Upstairs, the primary suite offers a serene retreat, with a custom barn door leading to an en suite bath featuring dual-sink granite vanities, ceramic tile floors, and a spacious walk-in closet. Two additional bedrooms and a convenient upstairs laundry room complete the upper level. The full walk-out basement is mostly unfinished and ready for your vision, with a newly installed bedroom and space for an entertainment area. Outside, the landscaped front yard complements a fenced backyard with a sizable turf area and room to complete your own landscaping design or outdoor projects. A 3-car garage adds storage and convenience. 2024 Roof. Enjoy a clubhouse, fitness center, pool, parks, trails, dog park, and 400+ acres of open space. Minutes to Parker, Castle Rock, DTC, and DIA.
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.
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