Welcome home to sought-after Ashland and the highly desirable school pyramid of Ashland Elementary, Benton Middle, and Forest Park High School. Located in the coveted Reserve section of the community, this beautiful home sits on a premium flat, fully fenced lot with classic curb appeal, mature landscaping, and inviting outdoor living spaces. Step inside to beautifully refinished hardwood floors that flow seamlessly throughout the main level. The traditional floor plan offers the perfect balance of open and defined spaces with a formal living room and elegant dining room flanking the foyer. At the heart of the home, you'll find a dramatic two-story family room filled with natural light from oversized windows and centered around a cozy gas fireplace. The kitchen is both stylish and functional, featuring rich cherry cabinetry, luxury granite countertops, marble backsplash, stainless steel appliances including a gas range, and a large center island perfect for meal prep, entertaining, or gathering with family and friends. The adjacent breakfast area and direct access to the deck make indoor-outdoor living effortless. Step outside and enjoy your private backyard retreat complete with a spacious deck, paver patio, lush landscaping, and beautiful flowering shrubs that create the perfect backdrop for grilling, entertaining, or simply relaxing. Back inside, a main-level home office provides the ideal work-from-home setup and is conveniently located next to the powder room. The laundry room is also thoughtfully located on the main level. Upstairs, brand-new carpeting leads you to the expansive primary suite featuring cathedral ceilings, a generous sitting area, walk-in closet, and a spa-inspired bath with dual vanities, a soaking tub, and separate walk-in shower. Additional bedrooms are spacious and bright, offering comfortable accommodations for family and guests. The walk-up lower level offers exceptional flexibility with a large recreation area, wet bar/kitchenette, full bath, and a fifth room perfect for guest space, a home gym, hobby room, or multi-generational living. With abundant space to relax, entertain, and customize to your needs, this lower level truly extends the home's livability. Combining an ideal location, sought-after schools, premium lot, and versatile living spaces, this Ashland gem offers everything today's buyers are searching for.The community itself offers a vibrant lifestyle with a pool complex (home to the Ashland swim team) and a rentable recreation center for your gatherings and celebrations. Zoned to Ashland Elementary, Benton Middle, and Forest Park High for peace of mind, this home truly checks every box—and then some. Home is currently enrolled in a premium home warranty with the option to transfer to buyer at closing. BONUS, this is a Project My Home Approved Listing. Qualified buyers may be eligible for a fixed interest rate as low as 4.99% through the seller’s preferred lender program. Buyer must qualify and speak directly with lender for full details, program terms, and disclosures. Rate, APR, and program availability subject to borrower qualification and may change without notice.
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.
