Spacious and stunning, this gorgeous 4-bedroom home offers the space and versatility you've been searching for! With nearly 3,000 square feet of living space and a finished walkout basement, you’ll find room to grow, gather, and truly make it your own. The main level welcomes you with a bright front living room with bay window, a formal dining room with an elegant coffered ceiling, and a generously sized family room anchored by a cozy fireplace--ideal for both entertaining and everyday living. Crown molding throughout adds a refined touch. Enjoy cooking your favorite recipes in the eat-in kitchen, with granite countertops, ample cabinet storage, pantry, and central island. Upstairs, all four bedrooms and two full baths are convenient to the laundry area. A spacious loft offers endless flexibility--whether you envision a home office, study space, or cozy retreat. The oversized primary suite is a true sanctuary, featuring French door entry, trey ceiling, private sitting area, large walk-in closet, and an ensuite bath designed for comfort and privacy. The finished walkout basement expands your living space even further, offering the perfect setting for a recreation room, media space, or ultimate entertaining hub. With its own half bath and second kitchen, it’s ready for game days, celebrations, and gatherings of all kinds. Nestled in a well-established subdivision, this home combines space and style in a fabulous location. Don't let this one pass you by--schedule your showing today!
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.
