Welcome to this stunning 6-bedroom, 5.5-bath luxury home, a true showstopper with gorgeous 4-sided brick and stone construction and timeless architectural detail. Step inside to an updated chef's kitchen featuring a truly fabulous oversized island, all KitchenAid appliances, and custom cabinets installed approx. 5 years ago. A custom pantry keeps everything organized and beautiful. Enjoy multiple inviting living spaces, including a cozy Keeping Room with a coffered ceiling and stacked-stone fireplace, plus a Family Room with its own fireplace and custom built-ins. The automatic drop-chandelier in the foyer adds a unique "wow" factor and makes cleaning or bulb changes a breeze! Work from home in style in the sophisticated office accented with stained woodwork and a coffered ceiling. All bedrooms are exceptionally spacious, each offering direct bath access. The Primary Suite is a dream come true—complete with a warm fireplace, an expansive primary bath, and a hugemongous walk-in closet you have to see to believe. Upstairs you'll also find a large media room/kids— playroom, fully equipped with a big screen and projector—perfect for movie nights or gaming. The terrace level is an entertainer's paradise, featuring a full bar with built-in bar taps, dishwasher, sink, fridge, and ice maker. A climatized wine cellar with beautiful flooring and ceiling detail provides impressive storage for your collection. Outside, enjoy a lovely, large, and private backyard designed for relaxation and entertainment. The expansive deck features a built-in hot tub plus a fully equipped outdoor kitchen complete with a gas grill and hibachi grill—ideal for gatherings all year long. This home effortlessly combines luxury, comfort, and functionality—an extraordinary opportunity you won't want to mis
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.
