COMING SOON !!! Former Display Home !!! This beautiful 3-bed, 2-bath, 3-car garage ranch home is needing a new owner ! With rock formation landscaping in the front yard to the flower and plant beds on the side and back yards, this home brightens up with gorgeous spring blossoms and beautiful plants the sellers were so proud of. A few new floor coverings in the great room and all 3 bedrooms is all that is needed !! New owners will also get to choose their own type of flooring. Entering the exposed aggregate driveway notice the abundance of off-street parking before entering the 3 car garage which has plenty of storage space. From the driveway to the covered aggregate front porch with sitting space, through the front door, the foyer of the home takes you to magnificent high vaulted ceilings in the great room. Straight forward notice the beautiful stone/brick gas fireplace that provides those warm cozy nights during the winters of the mid-west region. Gazing right see the hallway leading to the 2 secondary bedrooms and primary bedroom with private primary bath with adult height vanity, separate shower, and large tub. The primary also has a bay window bump out and a large walk-in closet. Looking left is the well designed spacious kitchen with crown capped original upgraded cabinets with newer glass backsplash, counter tops, and includes stainless steel appliances. Continuing to the laundry room and the 3-car garage you can't help but notice the ceramic tile floors throughout the kitchen, laundry, and dining room area in this open space with a center island with sink and dishwasher. On to the sliding patio door which leads you to the covered finished patio and spacious privacy fenced level back yard which has a garden area and a space where an above ground pool used to provide lots of summer fun. Level back yard has a double gate for easy access to enter with yard equipment. This home also has an interior entry to a large unfinished lower-level with room for expansion of more living space, possibly another bedroom with an egress window, and rough-in for a future full lower-level bathroom !! About a year ago the architectural shingle roof was replaced as well as the gutters, downspouts, and siding due to storm damage. This is a Must See Home at the beginning of the subdivision !! Sellers are providing a 1-year Ultimate Choice Home Warranty. Professional Photos are on the Coming Soon list !!
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.
