Beautiful custom-built home, located in the Oak Run neighborhood with a POOL and HUGE backyard. This 6 bedroom 4 1/2 bath home boasts an abundance of natural light with floor to ceiling windows, high ceilings, an open floor plan and a back yard oasis. Perfectly located on a cult-de-sack with one of the largest lots in the neighborhood. The main level has an office with a closet and French doors facing the formal dining room. The updated kitchen leads to a breakfast nook and an oversized living room has soaring ceilings and huge windows facing the beautiful backyard and outdoor entertaining space, accenting a private pool and hot tub/spa as well as an oversized deck with covered dining/grill area. There is a half bath on the main level with a washer dryer hookup. There are two owner suites, one oversized bedroom on the main level complete with a private on suite. Upstairs has the secondary owner suite, accented with French doors that lead onto a second story deck that overlooks the pool and sprawling backyard, a gas fireplace that is shared with the spa like bathroom, accented with a separate shower and garden tub, dual vanities and extended walk-in closet. As you exit the upstairs owner suite there is a catwalk adjacent to the expansive windows that looks down on the living/dining area and back yard, giving an abundance of natural light to the second story. There are 4 other bedrooms on this level, two bedrooms that share a jack and jill bathroom and two more bedrooms with a full bath located between them. There is an additional full laundry room to service the second level. There is a detached oversized garage that could be used as an additional living space that has been built out with flooring, walls and a central HVAC. Updates include a new roof, two HVAC replacements, new water filtration system, new stove and dishwasher, two new water heaters, a new hot tub and the pool has been completely resurfaced. This is a must see and priced to sell!!! Don't miss your chance to see this one-of-a-kind custom home!
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.
