**Custom Remodel...Immaculate Home!** This home has been remodeled from the insulation to the finishes (everything is brand new). This one of a kind custom interior is stunning. You enter the home to a grand foyer that is very impressive with custom wall finishes and beautiful lighting. On the main floor you have both a primary suite as well as another bedroom with an en suite...perfect for extended family, visitors or even a room rental. There is separate space for a formal dining/living area, as well as a separate office/ craft room space. The kitchen and family room are expansive and wide open. The Professional Chef's kitchen is very impressive. Double islands with custom granite, top of the line appliances, imported glass backsplash, pot filler at stove, double ovens, double wide... kitchen sink, soft close custom cabinets, upgraded hardware, large walk-in pantry, as well as coffered, tray ceiliings. The family and kitchen space are perfect for large family events and entertaining. This area is very light and bright with large windows looking to the expansive backyard (largest lot in the community) and a wall created for your flat screen with a beautiful 8' wide fireplace. The primary suite on the main floor has double closets (all closets have shelving and shoe racks), a separate door to the backyard as well as an amazing bathroom. All custom tile work throughout, separate tub and glass surround shower. Simply amazing. Upstairs begins with a large loft. Perfect for a separate living space or game room for the kids. The loft has doors that open to an outdoor balcony (the mountain and desert views are really nice). The second primary suite upstairs is a dream. The room has a separate sitting area within the suite with another amazing custom bathroom. No corners were cut on this remodel! All bedrooms have their own walk-in closets and are oversized. Smart home compatible with sensor lighting throughout...and so much more. You really need to see this home in person to appreciate it's beauty!
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.
