Discover an exquisite blend of luxury and comfort in this stunning 4-bedroom, 3.5-bathroom residence nestled within the prestigious Westfields community. Built in 2022, this contemporary Colonial home boasts an impressive 3,930 square feet of meticulously designed living space, perfect for those who appreciate the finer things in life. Step inside to find an inviting atmosphere enhanced by high-end finishes and thoughtful details. The gourmet kitchen is a chef's dream, equipped with top-of-the-line appliances, including a built-in microwave, dishwasher, and a sleek stove. The expansive island provides ample space for meal prep and casual dining, while the adjacent breakfast area invites leisurely mornings filled with natural light. Retreat to the luxurious master suite, complete with a walk-in closet and a spa-like en-suite bathroom featuring a jetted tub and a walk-in shower. Each additional bedroom offers generous space and comfort, ensuring everyone has their own sanctuary. The fully finished basement adds versatility, perfect for a home theater, gym, or play area, catering to your lifestyle needs. This property is not just about the interior; it extends to the beautifully cleared 0.33-acre lot, providing a serene fully fenced rear yard that invites outdoor gatherings and relaxation. The community amenities elevate your living experience, featuring a sparkling in-ground pool, tennis courts, basketball courts, and a clubhouse, all designed to foster a vibrant and active lifestyle. Enjoy leisurely strolls along the jog/walk paths or let the little ones explore the tot lots and playgrounds. With an attached front-entry garage and additional storage space, convenience is at your fingertips. The home also features modern comforts such as a tankless water heater and upper-floor laundry, ensuring efficiency and ease in your daily routine. This residence is more than just a home; it's a lifestyle choice that embodies luxury, community, and sophistication. Experience the perfect blend of elegance and functionality in a setting that promises to enrich your everyday life. Don't miss the opportunity to make this exceptional property your own.
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.
