Open Sat, 4/4, 1-3pm. Tucked away on a quiet cul-de-sac in highly sought-after Clarkson Valley, this beautifully updated home offers the perfect blend of elegance, comfort, and thoughtful design. From the moment you step into the hardwood-floored entry, you’ll appreciate the light-filled interior highlighted by transom windows and updated lighting throughout the main level. A vaulted main-floor office features a striking new accent wall, while the impressive two-story great room showcases a fireplace with custom cabinetry surround—ideal for both everyday living and entertaining. The formal dining room provides a refined space for gatherings. The main-floor primary suite is a private retreat, offering a spacious sleeping area and a beautifully updated en suite bath with dual adult-height vanities, a soaking tub, separate shower, private water closet, and a large walk-in closet. The eat-in kitchen is both functional and inviting, featuring 42” hardwood soft-close cabinetry, granite countertops, a center island with downdraft cooktop, stainless steel double wall ovens, and a walk-in pantry. A see-through fireplace connects the kitchen to the great room, while the breakfast area opens seamlessly to a stunning covered porch—perfect for enjoying the serene, wooded backdrop. Upstairs, one bedroom includes its own en suite bath, while two additional bedrooms share a Jack & Jill bath. New carpet throughout the main and upper levels adds a fresh, move-in-ready feel. The finished walk-out lower level is designed for entertaining, complete with a spacious bar, multiple gathering areas, and access to a private patio featuring a newer saltwater hot tub nestled among the trees. A full bath with a steam shower adds a spa-like touch. Additional highlights include an updated powder room, main-floor laundry, and a side-entry three-car garage with built-in cabinetry. Located in the award-winning Rockwood School District, this exceptional property offers luxury living in one of the area’s most desirable communities.
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.
