This esteemed home has numerous features. Over 2300 sqf under air. Starting with 3-4 bedrooms. 3 & 4 bedrooms ideal for a private mother-in-law suite. Kitchen serves as the heart of the home, highlighting an expansive quartz island with seating for six. Just imagine your guest sitting around the island as you’re preparing your meal to serve them. perfect for seamless entertaining Kitchen provides area for table/chairs & sizeable pantry in addition to Butler pantry. The open-concept design flows into the inviting family room, highlighted by a wood burning fireplace, linking custom-built-in bookcases. While sliding glass doors reveal a stunning screened outdoor feature; a solar-heated pool with electronic temperature control, a 20' x 8' sun deck that overlooks firepit space, multiple dining and lounging areas, and generous green space for recreation or future amenities. The primary suite offers a tranquil retreat with sitting area, walk-in closet, bath featuring a garden Jacuzzi tub, dual vanities, separate shower, and pool access. A spacious bonus room under air with electric fireplace provides ideal space for a game room or media lounge. Butler panty lined with upper &lower cabinets with countertop, with direct access to carport. Carport provides protection for pool equipment, cover grilling, lighting for full length, and could cover 4 vehicles. Attached 2 car garages are porcelain tiled, under air. Detached garage w/electric could be used to store a boat, multiple cars or just your own special workshop. The garden shed provides you with additional storage for lawn care, bikes, chairs, tools etc. -----------------------------------------------------------------------------------------Noted features; impact windows, water filter for the house, reverse Osmosis,2025 air conditioner, 2023 roof home& detached garage all tiled house water heater 3years, side yard grated for drainage 2025, covered 3-4 car port with lighting, extra wide driveway, quartz counters in kitchen - 2nd bath, pool resurfaced & tile 5yrs, Added foiled insulation, screened in front entrance, resurfaced pool deck & front entrance, springer system with well (not used in 5yrs), ---- Dining room chandelier not included with house
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.
