Welcome to this impeccably maintained, spacious home set in an exceptional location with no rear neighbors, offering a level of privacy that is increasingly hard to find. Backing to a greenbelt, the property enjoys a peaceful, open feel without overlooking homes behind you. A recently added neighborhood park just moments away further enhances the appeal, creating a wonderful balance of privacy and community-all while remaining close to major freeways, top-rated schools, shopping, dining, and the airport. From the moment you enter through the impressive 8-foot wooden front door, you're greeted by a grand foyer featuring a sweeping circular staircase and an elegant chandelier that sets the tone for the home. The thoughtfully designed floorplan offers excellent flow and flexibility, with crown molding in the formal living and dining rooms, a warm and inviting family room anchored by a charming brick fireplace, and a dedicated study with custom built-in wood cabinetry-perfect for working from home.The expansive kitchen is both functional and inviting, featuring stainless steel appliances, double ovens, a large walk-in pantry, tile flooring, under-cabinet lighting, and abundant cabinet space. Upstairs, an oversized game room/loft with custom built-ins provides versatile space for entertaining, relaxing, or creating a media area, while generously sized secondary bedrooms offer comfort and privacy for family and guests.This home has been meticulously cared for, offering peace of mind with numerous updates and consistent maintenance, including a water softener (approximately 2 years old), double-paned windows installed by Window World (2020), routine AC maintenance by Beyer Boys, gutters at the front and back of the home, and a full sprinkler system.The private backyard features mature trees, a spacious deck, and the rare advantage of no homes directly behind you, creating a quiet outdoor space ideal for relaxing or entertaining. With its outstanding location, exceptional upkeep, and rare greenbelt privacy, this home truly delivers comfort, functionality, and long-term value.
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.
