Welcome to your dream home! Nestled on 3.12 private acres, this stunning residence offers a perfect blend of modern amenities and serene outdoor living. Enjoy 3 spacious bedrooms plus a bonus/flex room, including primary conveniently located on the main floor. The home boasts 2 full baths and 2 half baths, providing ample comfort and privacy for family and guest.The heart of the home features quartz countertops that exude elegance, complemented by wood flooring throughout the main level, creating a warm and inviting atmosphere. So many perks you have to see, including but not limited to plantation shutters through-out and a unique laundry chute from upstairs that leads directly to the laundry room making chores a breeze.Discover a beautifully finished walk-out basement complete with half bath, an area for an office or bedroom, beverage cooler and custom cabinetry, and a wood burning stove perfect for entertaining or relaxing. Also, in the basement, you'll notice the single car garage has been transformed into a home gym/play area allowing you to maintain fitness without leaving your home. You'll want to step outside onto the Trex decking of the back deck where you can enjoy peaceful views of your expansive backyard. The screened-in picnic area below the deck provides a charming space for outdoor dining, while the custom-built fire pit area invites cozy evenings under the stars. This home is not just a residence; it's a lifestyle. With its perfect combination of comfort, luxury, and functionality, you'll enjoy every moment spent here. Dont miss the opportunity to make this exquisite 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.
