Prepare to be captivated by this immaculately maintained brick home featuring a screened-in heated Gunite pool and spa, offering the true definition of move-in ready. From the moment you arrive, you'll appreciate the pride of ownership that shines through every detail. The beautifully landscaped yard, covered front porch, and spacious three-car garage create an inviting first impression. Step inside to high ceilings and beautiful tile flooring that flows throughout the main living areas. Just off the foyer, you'll find a spacious formal dining room perfect for hosting holiday gatherings and dinner parties. A dedicated home office with custom-built-ins and natural light creates the ideal work-from-home space. The heart of the home is the expansive living area, offering endless flexibility for furniture arrangements, multiple seating areas, or an additional dining space. The open-concept design seamlessly connects the living room to the kitchen, creating the perfect space for entertaining. The kitchen features rich wood cabinetry, granite countertops, a center island, a breakfast bar, stainless steel appliances, a gas range, a built-in microwave, and a breakfast nook overlooking the backyard oasis. Privately situated in a split-bedroom floor plan, the primary suite is generously sized and filled with natural light. The ensuite bathroom feels like a private oasis, complete with a soaking tub, oversized tiled walk-in shower, double vanities, and dual walk-in closets. On the opposite side of the home, you’ll find two additional bedrooms that are generously sized and share a well-appointed bathroom with a custom tiled shower, single vanity sink, and tile floors. There’s also a private guest suite/in-law space with its own bathroom with a tub/shower combo, perfect for guests or multi-generational living. For added peace of mind, the home is also equipped with a whole-house generator. This is more than just a home; it's a lifestyle, and it's ready for its next owners.
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.
