Welcome to this beautifully maintained home in one of Batavia's most sought-after subdivisions. Offering 3,210 square feet of living space, this spacious residence features 4 bedrooms, a first-floor office, and thoughtfully designed living areas perfect for both everyday living and entertaining. The home is filled with natural light thanks to soaring vaulted ceilings and expansive windows, creating a warm and inviting atmosphere throughout. The finished walk-out basement offers the ultimate hangout space, highlighted by a stunning custom wood bar and plenty of room to relax or entertain guests. The upgraded 2nd kitchen is a standout feature, complete with an oven, refrigerator, and warming drawer, making it ideal for hosting gatherings or preparing family meals. Step outside to your private backyard retreat, featuring a beautiful in-ground pool-perfect for summer entertaining, weekend relaxation, and making lasting memories. Located in a fantastic Batavia subdivision, this home combines space, comfort, and lifestyle in a truly exceptional setting. Safety cover for inground pool that is electronic. Please note the grass area to the right of the home on the corner is part of the property. Dishwasher 2021, oven/range 2022, refrigerator 2024, garbage disposal 2020, Water heater 2020, AC & Furnace 2024, water softener 2021, Fencing 2023, Sprinkler system 2005, Driveway fully replaced 2023, Roof& gutters 2025, All basement kitchen appliances except refrigerator and dishwasher 2021, Sliding glassdoor in kitchen 2020, Trex deck 2024, and rebricked the patio 2023.
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.
