Welcome to this beautifully maintained single-story home tucked away in the desirable Seneca Springs neighborhood. Built in 2010, this 1,779 sq. ft. residence offers a thoughtful blend of comfort, convenience, and style—all situated on a generous 6,970 sq. ft. cul-de-sac lot with no HOA and solar panels for energy savings. Step inside to an inviting open-concept layout where the living, dining, and kitchen areas flow seamlessly together. The kitchen is designed with modern stainless steel appliances, warm cabinetry, and durable stone-look countertops that provide both function and charm. Just off the kitchen, the spacious living area creates the perfect backdrop for both quiet evenings and lively gatherings. The primary suite is a true retreat, complete with a walk-in closet, dual sinks, a soaking tub, and a separate walk-in shower. Two additional bedrooms and a full bath offer plenty of space for family, guests, or a home office. Throughout the home, you’ll appreciate upgrades like rich wood-look laminate flooring, recessed lighting, and ceiling fans that add both style and comfort. Enjoy the convenience of a large indoor laundry room and an attached two-car garage, making everyday living easy and efficient. Step outside to a backyard designed for relaxation and entertaining. A cemented patio with a wood patio cover provides shade and charm, making it an ideal spot for weekend barbecues or unwinding after a long day. The expansive lot offers plenty of potential to customize the outdoor space to your liking. The location is just as appealing as the home itself. With a community park only a few houses away, freeway access to the I-10 within minutes, and shopping, dining, and retail centers nearby, this home offers the perfect balance of neighborhood charm and city convenience. Don’t miss the opportunity to own this inviting cul-de-sac gem in Seneca Springs a home that blends comfort, efficiency, and lifestyle in one beautiful package.
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.
