Featuring a private bedroom and full bath on the main level, this distinguished Northwood estate offers refined living on nearly one full acre of manicured grounds. Perfectly positioned within one of Oxford’s most desirable communities, this residence delivers scale, privacy, and architectural presence in a way that feels both grand and inviting. From the moment you arrive, the setting is striking. The expansive homesite creates a sense of exclusivity, while mature surroundings and generous lot depth establish an atmosphere of quiet prestige. The outdoor living experience was designed with intention. A covered patio overlooks the sprawling backyard, creating an elegant backdrop for curated gatherings, evening cocktails, or serene mornings surrounded by open space and possibility. Inside, the home reveals thoughtfully appointed interiors crafted for both comfort and elevated entertaining. The main level showcases refined flooring, a formal dining room designed for memorable dinner parties, and a fireside living room that radiates warmth and understated sophistication. At the heart of the home, the kitchen presents as a polished showpiece. Breakfast bar seating, and crisp white cabinetry create a space that is as functional as it is beautiful. It is a setting designed for connection, conversation, and celebration. The private main level suite provides exceptional flexibility for guests, offering convenience without compromise. Upstairs, the primary suite serves as a serene sanctuary, offering generous proportions and a spacious walk in closet. Additional bedrooms are well appointed and thoughtfully designed to ensure comfort and privacy. The third level loft introduces a rare and elevated dimension to the home. This versatile retreat can transform into a media lounge, private library, creative studio, or executive workspace, adding both prestige and adaptability to the estate. Schedule your private tour today! Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this 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.
