HUGE PRICE REDUCTION!! **PRICED TO SELL, MAKE AN OFFER AS SELLERS ARE READY TO NEGOTIATE AND HAVE ALREADY RELOCATED OUT OF STATE!! Welcome to this stunning 1-owner dream home on a corner lot!! This beautifully maintained residence offers the perfect blend of luxury, functionality, and comfort. Featuring 4 spacious BR's, 3 full baths, dedicated office, game rm, and media rm, this home is designed to meet all your family's needs. Enjoy cooking and entertaining in the gourmet kitchen, complete w a SS double-door oven, built-in microwave, 5-burner gas cooktop, pot filler, quartz counters, plenty of cabinets and oversized island—plus, the refrigerator stays! The open-concept design flows seamlessly from kitchen to the breakfast area w built-in coffee bar, into the living room, where you’ll find soaring ceilings and gas log fireplace that turns on with the flip of a switch. Downstairs, the spacious primary suite offers a tranquil retreat w garden tub, dual sinks, sep shower, and custom walk-in closet. A bedroom w full bath is also located on main level—perfect for multi-generational living or visiting guests. Upstairs is 2 bedrooms, a full bath, a generous game rm-TV and mount included, and a media rm featuring built-in desks and cabinetry—ideal for movie nights or homework zones. Step outside to your own backyard oasis featuring a brand new outdoor kitchen w sink, grill, quartz countertop, and storage—perfect for summer cookouts and entertaining. Upgrades include smart t-stats, smart sprinkler sys, plantation shutters, motorized blinds, custom built-ins in laundry rm, $68,000 in Design Center upgrades and owner upgrades totaling over $54,000.(see transaction desk for full list). Located just minutes from top-rated schools, shopping, dining, and entertainment, this home offers everything you’ve been looking for..and more! Why pay more for the same house down the road when this one is move-in ready!!
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.
