This Stunning 3 Bedroom 2 Bathroom Home Sits On A Privacy Fenced Perimeter Lot And Has Been Meticulously Maintained From Top To Bottom. The Welcoming Foyer Draws You In And Leads You To A Large Open Great Room With A Formal Dining Space That Can Be Used In Multiple Ways. Elegant Tile And Real Engineered Wood Flooring Complement The Neutral Color Scheme Throughout, While Honeycomb Cordless Blinds, Window Tinting, And 5 Solar Tubes Flood The Home With Natural Light And Keep Energy Costs Low. The Kitchen Is A True Showstopper Featuring 42 Inch Real Wood Cabinetry With Granite Countertops, Tiled Backsplash, Pullouts And Drawer Banks, And Stainless Steel Appliances. New Mirrors Enhance Both Bathrooms And Closet Designs Have Been Added To The Master And Office. A Rear Bonus Room Offers Endless Possibilities Whether You Need Space For Workout Equipment, A Home Office, Or A Quiet Retreat To Read And Enjoy The Backyard Views Of Nature While Boasting Tinted Hurricane Proof Windows. This Home Runs On Natural Gas Including Gas Heat, Gas Hot Water, Gas Stove, And Gas Dryer, Along With A Natural Gas Hook Up For The Grill On The Patio. A Generac Full Home Generator Installed 2016 Provides Ultimate Peace Of Mind. Major Updates Include A New Roof 2025, Air Conditioner Replaced 2015, Water Filtration System 2026, Water Softener 2023, And A New Water Heater 2025. A Ring Security System Has Been Added For Additional Security. The Garage Features An Epoxy Floor 2025, An Insulated Garage Door, A New Garage Door Opener, New Exterior Lights, And An Electric Screen. The Designed Finish Driveway With Curving Landscaping And Plants Create A Stunning Curb Appeal That Directly Faces The Neighborhood Sidewalk Leading To All Community Amenities. Exterior Includes Eaves Trough And Leaf Guards In Addition To New Front Door With Side Lites To Round Out This Truly Remarkable Home. The Owners Are Being Called To Another Area And Hate To Leave, But 16296 Is Ready For Her Next Chapter. The HOA Covers Mowing, Edging, Wifi, Cable, Trash, And Full Use Of All Common Amenities. Do Not Miss This Rare Opportunity To Own A Move In Ready Home That Truly Has It All! SummerGlen Lot 841.
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.
