Arrive home to timeless elegance as you enter the grand circular driveway of this classic brick Colonial, beautifully positioned on a private .54-acre corner lot in the sought-after Flower Valley community. Surrounded by mature trees and lush landscaping, the property immediately feels like a peaceful retreat. But the true showstopper awaits in the spectacular backyard oasis. Designed for unforgettable gatherings and everyday relaxation, the outdoor space features a stunning in-ground pool, expansive paver patios, gazebo, and beautifully landscaped entertaining areas, all framed by towering trees and a privacy fence that creates a resort-like atmosphere right at home. Step inside to discover a bright, move-in-ready interior that blends classic charm with modern updates. The main level offers a traditional yet comfortable layout, beginning with a spacious living room with fireplace, perfect for relaxing evenings. The living room flows seamlessly into a separate formal dining room, ideal for hosting dinners and celebrations. At the heart of the home is the light-filled kitchen, featuring white shaker cabinetry, granite countertops, and generous workspace. From here, large windows and doors invite natural light and provide direct access to the incredible backyard, making indoor-outdoor entertaining effortless. Just off the kitchen is a cozy family room with exposed beams, creating the perfect everyday gathering space or TV lounge. Like the kitchen, this room also opens to the backyard, allowing the beautiful outdoor setting to become a natural extension of the home. Upstairs, the home offers four generously sized bedrooms, including an expansive primary suite with a sitting room and custom walk-in closet, providing a comfortable and private retreat. The fully finished lower level adds valuable living space with a large recreation room, wet bar, additional bedroom, and full bathroom, perfect for guests, entertaining, or creating a private suite. With 5 bedrooms, 3.5 bathrooms, over 4,000 finished square feet, a 2-car garage, and one of the most inviting backyards in the area, this Flower Valley home offers the perfect combination of space, comfort, and exceptional outdoor living.
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.
