HUGE PRICE REDUCTION!!! MOVE IN BEFORE CHRISTMAS!!! BRAND NEW EXTERIOR PAINT, NEW CARPET THROUGHOUT, PAID OFF SOLAR AND AN AMAZING BACKYARD ARE JUST A FEW HIGHLIGHTS THAT MAKE THIS 5 BED 3 BATH RAMBLER AN ABSOLUTE MUST SEE. This beautiful home offers the perfect blend of comfort and functionality. Located in a wonderful neighborhood, on a quiet street, near parks, schools and the mountains. This home has ample space and upgrades throughout. As you enter the home, you are greeted by a spacious entryway that leads into the heart of the home-a large kitchen with vaulted ceilings and plenty of counter space and storage, perfect for cooking and entertaining. A cozy dining area adds to the flow and convenience of the main living space. There is also plenty of space for a large dining room or additional family room. So many options to be able to customize this home to fit your needs. The oversized family room offers a welcoming space to relax, visit or cozy up by the fireplace. The main floor also features a luxurious primary suite, providing the ultimate comfort and privacy. The updated ensuite bathroom boasts double sinks, a steam shower with built-in lights, radio, jets, and a waterfall shower head. You'll also find a large soaker tub, making this bathroom a true retreat. For added convenience, the main floor includes a spacious laundry room with a sink and long countertop as well. Downstairs, you'll find a spacious living area-perfect for movie nights, a playhouse that the little ones will love, there's even room for a home gym and pool table as well. Two additional bedrooms and a full bath complete the lower level, offering both comfort and space for guests or growing family needs with two water heaters and a water softener. Outside you will love the expansive .37 acre yard, an entertainer's dream. The X-large covered patio is perfect for hosting family and friends, while the fire-pit, inground trampoline, fruit trees, garden boxes, and garden shed provide endless opportunities for outdoor fun and hobbies. This home also has solar panels that are paid off for a minimal electrical bill. It truly has it all; space, style, efficiency and an incredible yard. Don't miss this opportunity to make this gem your own! Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement.
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.
