Welcome to your own private retreat at 1889 Westbourne Way! Nestled on a spectacular lot with a breathtaking lake view, this home offers the perfect blend of comfort, style, and serenity. Step inside to a sun-filled great room featuring vaulted ceilings, updated lighting, and a wall of windows that showcase the incredible backyard setting. A sliding glass door leads to the expansive deck, creating the perfect space for relaxing or entertaining while taking in stunning sunsets and abundant wildlife. The updated eat-in kitchen is both functional and inviting, offering 42" cabinetry, stainless steel appliances, a tile backsplash, generous counter space, a breakfast bar, and a newer dishwasher. The spacious primary suite features newer luxury vinyl plank flooring and a private bath with a soaking tub, updated vanity, new toilet, and matching luxury vinyl plank flooring. The lower level adds valuable living space with a large rec room, two additional generously sized bedrooms all featuring luxury vinyl plank flooring. A full bath and good storage space finish the lower level. The walk out offers plenty of natural light, and direct access to the backyard and pond views. This property offers a direct water front access to the private community lake so whether you're hosting guests, enjoying your morning coffee, or unwinding with an evening cocktail, the outdoor setting is truly unforgettable. Recent updates include newer lighting throughout the upper level, added family room windows, fresh paint on the main floor, a freshly painted deck, and new front landscaping. Conveniently located near shopping, dining, parks, and major commuter routes, this move-in-ready home has been beautifully maintained and thoughtfully updated. Nothing to do but unpack, relax, and enjoy the view!
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.
