Partially furnished, many extras included. Motivated Seller. Space, quality and beauty in this lovingly cared for custom ranch in a cul-de-sac with water views! You will not find another delightful home like this full of all the amenities in this area. This partially furnished home comes with many extras that will make your move almost transparent. Front room has gas Fireplace, bay windows, and vaulted cathedral ceiling! Super-sized living room with an exquisite Trey ceiling & European Castle rock hearth gas Fireplace and crown molding! (yes, 2 fireplaces). That leads to your oversized backyard oasis perfect for unwinding from your day or to entertain! Totally fenced in back yard with paver brick patio, deck and pergola covering a 40' X 20' oasis( patio furniture, cushions and deck boxes included), Professionally landscaped, adorable 12' x 12' gardening shed (most yard equipment including a Troy Built lawn mower include), and 24' by 54' deep pool with deck! You have an updated kitchen with granite counter tops & backsplash, stainless steel appliances, eat at the counter and dining area! Master bedroom with an impressive Trey ceiling, walk-in shower and soaker tub with jets! All the bedrooms have walk-in closets! Garage is finished and insulated with pull down stairs to attic! Finished basement with workout room and entertainment area with Bose surround system. Plenty of storage in the 12' x 24' shelved storage room! Water heater in 2024, water softener 2016, reverse osmosis system in 2016 and new roof 2019! Wet bar and soundproof shop area prefect for your Handyman/woman. Entire homes interior wall are insulated for sound. Buyers Dream, Jump on this deal!!
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.
