Turnkey living with thoughtful upgrades throughout! This well maintained 3-bedroom, 2-bath, 1,525 sq ft home welcomes you with soaring ceilings, abundant natural light, and a warm, inviting feel from the moment you step inside. The spacious living area is highlighted by a large bay window, cozy wood burning fireplace, and newer laminate flooring that flows seamlessly through the main living spaces, complemented by plush newer carpet in the bedrooms. Multiple skylights fill the home with natural light, creating a bright and airy atmosphere. The kitchen is both functional and stylish, featuring a newer refrigerator and dishwasher, a large pantry, and built-in cabinetry offering plenty of storage and organization. Just down the hall, you’ll find two comfortable guest bedrooms and a well-appointed guest bath with a tub/shower combo. The primary suite offers direct access to the backyard patio—perfect for morning coffee or quiet evenings outdoors. The ensuite bath features radiant heated floors, a spacious walk-in shower, dual sink vanity, and elegant crown moulding details. On the opposite side of the home, a generously sized laundry room provides added convenience with natural gas dryer hookups and abundant cabinet space. Step outside to enjoy the fully fenced backyard, designed for both relaxation and entertaining. The Evergreen composite deck patio offers a low-maintenance outdoor living space, while the raised garden bed and expansive yard provide endless possibilities for gardening, play, or gatherings. Additional upgrades add peace of mind and efficiency, include a newer HVAC system (2022), tankless water heater, water softener, generator-ready transfer switch, new garage door opener, and recent hazardous tree removal (2023/2024). Set in a sought-after POA community with year-round amenities, including a pool and billiards room, this home offers the perfect blend of mountain living, comfort, and charm! Book your showing today!
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.
