Welcome to a beautifully crafted one level home set on a private wooded acre that feels like your own getaway. The moment you arrive, the setting captures your attention with mature trees, sweeping views of the front lawn, and an elevated position that adds a sense of privacy and calm. There is also room to add a future shop near the top of the driveway, creating even more possibilities for the property. Inside, the living room makes a stunning first impression. A soaring stacked stone fireplace draws the eye upward and becomes the true centerpiece of the open layout. Rich Knotty Alder woodwork and warm finishes create an inviting atmosphere, and eighteen inch tile flows gracefully through the main living areas. The kitchen is both stylish and functional with granite countertops, a five burner gas cooktop, double ovens, a walk in pantry, and thoughtful lighting that showcases the beautiful cabinetry. It opens seamlessly to the dining and living spaces and is ideal for gatherings of any size. The private primary suite is set apart in its own wing thanks to the split floor plan and offers a peaceful and comfortable place to unwind. Enjoy a glass block walk in shower, a relaxing jacuzzi tub, and an extended double vanity with abundant counter space. The walk in closet is exceptionally large with custom storage that keeps everything organized year round. Bedrooms two and three enjoy a true Jack and Jill design with separate vanity areas that add comfort and convenience. The wooded acre surrounding the home enhances the feeling of space and tranquility and creates a picturesque backdrop in every direction. It is such a beautiful setting! This home combines custom features, timeless design, and a location that truly stands out. Schedule your private tour today and experience everything this property has to offer!
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.
