**NEW TO MARKET**Luxury meets livability in this exceptional home designed for both everyday comfort and unforgettable entertaining! Not only will you will stay Cool as a cucumber inside - as owners replaced both HVAC units (yes, that reads both - they added an ADDITIONAL Air Conditioning unit in February of last year to ensure perfect coverage) but you can enjoy this incredible pool and spa this summer as well! Step inside to soaring ceilings expansive living spaces and designer finishes that create an immediate sense of elegance and warmth Sellers have added designer touches to elevate the space and truly set it apart in the most fabulous ways. The open concept floor plan centers around a stunning chef inspired kitchen featuring abundant cabinetry generous prep space and seamless flow into the main living and dining areas. Walls of windows fill the home with natural light while showcasing beautiful views of the outdoor living space and sparkling pool! The spacious primary suite offers a private retreat with a spa inspired bath and oversized closet while secondary bedrooms are all en suite and provide comfort and flexibility for family and guests. A dedicated office creates the perfect work from home environment and additional living spaces offer endless possibilities for media game nights fitness or hobbies! Step outside and discover the true showstopper! An incredible backyard oasis designed for year round enjoyment featuring a covered patio generous entertaining areas and plenty of room to relax unwind and host gatherings of any size Whether you are enjoying a quiet evening at home or entertaining a crowd this property delivers the perfect blend of luxury functionality and lifestyle Rarely does a home combine exceptional design generous living spaces and outstanding indoor outdoor entertaining quite like this one! Schedule your private tour today and experience everything this remarkable property has to offer!
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.
