Welcome to this beautifully home with over $80,000 in upgrades throughout. Designed for comfortable everyday living and effortless entertaining the open-concept layout seamlessly connects the living and dining areas to a stunning upgraded kitchen. The kitchen serves as the centerpiece of the home featuring upgraded granite countertops, a modern backsplash, upgraded Samsung appliances and a striking waterfall island with farmhouse apron sink creating the perfect gathering space for family and guests. Upstairs the staircase and entire second floor have been upgraded with durable vinyl flooring eliminating carpet and offering a clean modern look with easy maintenance. LED lighting installed throughout the home adds brightness and efficiency while the spacious primary suite is enhanced by an elegant tray ceiling. Additional interior features include a frosted glass pantry door, built-in ceiling Wi-Fi router for improved connectivity and 2-inch faux wood blinds installed on all windows. Outdoor living is equally impressive. The backyard patio features a fully paved entertaining area complete with a custom firepit creating an ideal space for gatherings and relaxation. Along the side of the home professional landscaping with palm trees and decorative borders enhances curb appeal and adds privacy. The property also includes a fully fenced yard, gutters, a whole-home water softener system, four exterior security cameras and an included Tesla fast charger in the garage. For added efficiency and long-term savings the home is equipped with a 26-panel LG solar energy system further increasing its value and appeal. With extensive upgrades, modern finishes and inviting indoor and outdoor spaces this move-in-ready home stands out as one of the most upgraded and desirable opportunities in the community. HOA fee in the Tohoqua community is extremely low at $80 annually!
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.
