Location, Location, Location - You must see this Beautiful 2018 2 story - 3 bedroom 2 1/2 bath Smart home in the "Sundance Community" in the city of Beaumont. During your drive there you will feel like you are driving the countryside. This gorgeous home is located steps across from one of the many parks and association pools the low HOA fee has to offer. This home offers comfort and style in a family-friendly setting. With large windows throughout with plantation shutters, natural lighting fills every room, creating a warm and inviting atmosphere. The home features central air and heat, ensuring year-round comfort. Upon entering, you are greeted by a grand entryway & living room with high vaulted ceilings, setting the tone for the open and airy layout. The cozy family room flows seamlessly from the entry and is perfect for both everyday living and entertaining. off the entry is a room used for office space or whatever you may need. Tile throughout the first floor for easy cleaning and looks beautiful. The upstairs is home to three bedrooms, including a luxurious primary suite with double doors leading to a spacious retreat with walk in closet. Two additional bedrooms upstairs share a separate full bathroom. All of the bedrooms have ceiling fans. The laundry room is conveniently located upstairs as well. The bright kitchen is a chef's dream, equipped with ample storage, a large island, farmers sink and plenty of counter space. It's a great place for entertaining and sharing meals with friends and family. Step outside to this fully vinyl fenced backyard with covered patio and brick fireplace for those cool nights, offering privacy and room for outdoor enjoyment. The home also includes a huge 2-car garage with tons of storage space and plenty of room for parking. Don't miss your chance to own this beautiful, well-maintained home.
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.
