Open house Sunday 1-3PM*Welcome to your lovely new home in the sought-after Celebrate 55+ active adult community, where one-level living meets endless possibilities for adventure and relaxation. This stunning rambler greets you with a welcoming front porch and an open floor plan that bathes every corner in natural light and is within walking distance to the clubhouse. The heart of the home features a spacious family room complete with a cozy gas fireplace, elegant crown molding, engineered wood floors, and recessed lighting that creates the perfect ambiance for entertaining or quiet evenings. Step through sliding glass doors onto your private stamped concrete patio, where morning coffee tastes better, and sunset conversations linger longer. The fabulous eat-in kitchen will inspire your inner chef with its 42-inch cabinets, under-cabinet lighting, granite countertops, stylish backsplash, stainless steel appliances, including a gas stove, and pantry. The primary bedroom offers a peaceful retreat with crown molding, a ceiling fan, a generous walk-in closet, and an ensuite bath featuring upgraded tile, a shower with a bench, and a double sink vanity with a granite top. A spacious second bedroom with a ceiling fan and upgraded hall bath provides comfort for guests or family. The office or flex room with engineered wood floors & upgraded molding offers the perfect space for hobbies or remote work. Large laundry room has additional storage space and includes the washer & dryer. Two-car garage with epoxy flooring, opener & keypad. Living here means embracing the maintenance-free lifestyle with lawn care included, while enjoying incredible community amenities: indoor & outdoor pools, hot tub, fitness facilities, walking track, game rooms, ballroom, outdoor fire pit, putting green, walking trails, and tennis courts, pickle ball &, social clubs and a full time lifestyle director. Your neighbors become friends, and every day offers new opportunities for connection and fun. Don't hesitate on this one!
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.
