Open House on Sunday, April 12th from 1-4 pm Welcome to this beautifully upgraded home located off Potranco, where style, comfort, and thoughtful design come together. This exceptional property is loaded with desirable upgrades-truly too many to list-but here are just a few highlights that make this home stand out. To increase energy efficiency, solar panels have been installed. The stunning primary bathroom has been completely remodeled to create a spa-like retreat, featuring new vanities, updated mirrors, modern flooring, fresh paint, and an oversized walk-in shower with three shower heads. The primary bedroom also includes a convenient TV mount for added comfort and functionality. Throughout the home, you'll find updated flooring with no carpet, along with updated baseboards, hardware, door casings, and hinges that enhance the home's cohesive and modern feel. All bedrooms are equipped with ceiling fans, and one secondary bedroom features custom wall detailing for a unique designer touch. The secondary bathroom has also been tastefully updated with new tile on both the floor and walls, along with upgraded faucets and a modern light fixture. The family room is designed for both comfort and entertainment, showcasing an electric fireplace with a mounted TV setup. The utility room features custom cabinetry with stylish shiplap accents, offering both function and charm. The garage is equally impressive, featuring epoxy-coated flooring, built-in shelving, a utility sink, a water softener system, and a wall-mounted TV setup-perfect for a versatile workspace or hobby area. Step outside to enjoy a backyard designed for relaxation and entertaining, complete with a full perimeter gutter system, beautifully crafted stone flower beds, a shade structure, raised garden beds, and a dedicated outdoor BBQ area. This home is truly a must-see, offering a perfect blend of high-end upgrades and everyday livability in a prime location.
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.
