Beautifully upgraded home in the desirable Woodcrest community, situated on an expansive 40,000+ sq ft lot. Built in 2008, this well-maintained 4-bedroom, 3-bath residence offers approximately 2,500 sq ft of comfortable and versatile living space. **The home features a bright, open split-floor plan with tall ceilings and fresh interior paint throughout. Flooring upgrades include porcelain plank tile with a wood-look finish in main living areas, hardwood floors in the bedrooms, and bamboo flooring in the formal living room. Multiple living spaces include a spacious living room and an expansive family room with a cozy fireplace, recessed lighting, and sliding glass doors that open to the covered patio—perfect for indoor-outdoor living. **The open kitchen is ideal for both daily use and entertaining, showcasing granite countertops, a large center island, ample cabinetry, stainless steel appliances, and recessed lighting. The kitchen flows seamlessly into the dining area, creating an inviting space for gatherings. **Bathrooms have been remodeled and upgraded throughout. The oversized primary suite offers a walk-in closet and an ensuite bathroom with dual sinks, a garden tub, and a separate shower. Three additional bedrooms are generously sized. **Major system upgrades include a new well pump and control unit, a commercial-grade whole-house water filtration, purification, and softener system with a 10-year warranty (approx. $30,000), owned solar, and an electric HVAC system approximately five years old featuring UV air purification and whole-house air filtration. The home also boasts newer energy-efficient exterior paint (approx. $26,000) designed for long-term durability in both hot and cold climates. **Additional highlights include a 4-car garage, cobblestone driveway, a cinder block wall enclosing approximately half of the backyard for added privacy, and a full length covered patio for outdoor enjoyment. The expansive lot offers excellent equestrian potential along with ample space for animals, recreational toys, or future improvements. **A rare opportunity to own a thoughtfully upgraded property with modern efficiencies, generous living space, and room to grow.
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.
