Situated on an expansive quarter-acre culdesac lot in the highly sought-after Harvest community, this exceptional single-story residence offers the perfect blend of desirable open concept living and upgraded design. Step inside to discover a light-filled open-concept floorplan anchored by continuous luxury vinyl plank flooring and elevated by designer finishes throughout. The stunning kitchen is a true focal point, featuring quartz counters, a beautifully coordinated backsplash, custom-painted cabinetry extended to the ceiling with illuminated upper display cabinets, gas cooktop, double ovens, and a useful butler’s pantry or convenient coffee bar. The open living area impresses with coffered vaulted ceiling detail creating an airy yet inviting atmosphere with backyard views. A dedicated office with a wall of builtins provides flexibility for working from home, while 4 bedrooms and a coveted 3-car garage (2 bay garage is separate from single bay) offer plenty of car and toy storage. Single bay garage with laminate flooring makes for a perfect work out room, storage, or play space. Check out the huge utility room with sink and space for an extra refrigerator! Outdoors, the oversized east-facing backyard is a standout feature, complete with a covered patio that captures cool afternoon shade, perfect for relaxing evenings or hosting gatherings with ease. All of this, set within the vibrant Harvest community, known for its exceptional amenities, lifestyle offerings, and strong sense of community.
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.
