5 Acres with a sprawling, completely remodeled 4-bedroom ranch on a full basement with an inground pool in the sought after Whitewater School district -No HOA- Run don't walk!!! This inviting property offers a harmonious blend of charm and modern amenities, delivering a truly unique living experience. As you approach the home, you are greeted by a meticulously maintained landscape, accented by lush greenery that perfectly complements the home's exterior. The property is characterized by its welcoming front porch, an ideal spot for enjoying morning coffee or unwinding in the evening. Upon entering the home, you are welcomed by a bright and airy atmosphere, with an open-concept living area that seamlessly flows into the dining space. A huge masonry fireplace for a focal point in the living area. Large windows allow natural light to flood the room, creating a warm and inviting ambiance. The living room provides ample space for entertaining and relaxation, making it the heart of the home. The kitchen is a chef's delight, featuring contemporary appliances, generous counter space, and ample cabinetry that ensures all storage needs are met. An adjoining breakfast nook offers a casual dining option and overlooks the backyard and pool area, providing a serene view during mealtimes. Oversize laundry room with ample space for extra storage, pantry needs, or even a deep freezer or extra fridge. As an added bonus, there is a flex room that could be a great home office or craft area. Each bedroom is designed with comfort in mind, offering generous space and large closets. The master suite is a true retreat, complete with an ensuite bathroom that features modern fixtures and a spacious shower. Huge, open basement ready for expansion. Has one finished room and stubbing for a future bathroom. The outdoor area is an extension of the home's inviting interior and includes a spacious covered back porch, ideal for outdoor dining or lounging. The inground pool also offers an ample entertaining area, that is completely fenced in. The backyard is designed with a large open area, perfect for a garden or even a mini farm! This home features a convenient location with easy access to local shops, dining, and recreational activities, ensuring all the conveniences of modern living are at your doorstep. Enjoy the benefits of a vibrant community while savoring the tranquility of your own private haven. Whether you are looking for a place to relax or entertain, this property offers the perfect balance of comfort and style.
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.
