Stunning Estate Style Colonial Home built in 2020 showcases a perfect blend of modern elegance and timeless craftsmanship. This magnificent home features 5 Bedrooms, 4.5 Baths and a 4 Car Garage. This home has solar panels and a Tesla wall that allows the home to go 95% off grid! (this is a $150,000 upgrade) As you enter this amazing home you notice the extra high ceilings. The Foyer (and entire main and upper levels) has LVP Floors. (Over $100,000 in highest upgraded LVP floors and tile) The wide-open floor plan beckons you into the main Family Room with Coffered ceilings and a Gas fireplace that is massive and composed of stacked stone from floor to ceiling. The automatic blinds on the entire main level can be set to open at sunrise and close at sunset! There are three commercial grade ceiling fans ($15,000 value) on the main level. The main level and entire home has a complete surround sound system! The gourmet kitchen is a chef's dream, and boasts granite counters and granite waterfall on the island. There is a large Farm sink, Stainless steel appliances, gas cooktop, microwave/oven combo. The gorgeous white cabinets have a special treatment that resists fingerprints and dirt. There is a reverse osmosis system in the Kitchen. The office has a pocket door and is located off the Kitchen. There are beautiful custom-built shelves in the Home Office. Adjacent to the kitchen, There is a large Formal Dining Room that sets the stage for memorable meals. The nice size Sunroom adds additional entertaining space! There is a private ensuite (Mother-in-law) on the main level with its own Family room, Bedroom, Bathroom and Kitchen. It has dual heat/air and its own entrance and garage. Upstairs you will find three massive size bedrooms. There is a Family Room on the bedroom level with 12 Foot Ceilings and a TV and console that convey. There is a custom surround system that also conveys. The Primary Bedroom is massive with a large sitting area. The custom primary closet is large and has tons of drawers and hanging space for all your needs. The Primary bath has wood look tile floors, dual shower heads, a shower seat, and recessed lighting and dual vanities. Bedrooms 2 and 3 are also large and can accommodate Queen size beds. Both secondary bedrooms have walk-in custom closets. The additional full bath has tile floors and is large in size to accommodate the secondary bedrooms. The Washer and Dryer are located on this bedroom level. The Washer and dryer room has custom cabinets and space to hang your items. The front load washer and dryer convey. The Basement boasts a $60,000 Movie Room with a TV that conveys. This room has upgraded carpet. There are three commercial grade ceiling fans here as well. The kitchenette in the basement has a Wet Bar with a dishwasher, DuraForm cabinets and bar seating for 6 people. Plenty of cabinet space for all your party entertaining! There is a full bedroom in the basement along with a full Bath. The basement gym has workout equipment that conveys. All of the gym equipment is top of the line. The French door walks out to the stamped concrete patio in the backyard with a firepit. The storage shed has 20-amp service. There is a garden on the side of the home with herbs and an electric dog fence as well as a whole yard inground sprinkler system. Ceiling fans are all commercial grade. There are 2 water Heaters, steam humidifier, and 2 heating systems. An upgraded complete home fresh air system pulls fresh air in every 30 minutes. In the four-car garage there is an electric car hookup, TESLA Power wall system and the floors have all been treated. Home is wired for CAT6 (Fastest internet). There are a total of 3 refrigerators and 3 dishwashers that convey. Don't miss this amazing well cared for home!
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.
