BACK ON THE MARKET/NO FAULT OF SELLER. NOW IS YOUR CHANCE TO PURCHASE THIS very well maintained & updated LARGE home in the desired family friendly Liberty Crossing community. Easy access to I75, walk to church & community pool. Having a newly painted exterior, this home sits on a culdesac lot, exterior is concrete siding with stone accents around front and at the water table. There is a big, private backyard with no homes behind. Plenty of space for playing or entertaining. Very nice fire pit with pergola & still plenty of space for other backyard activities. Back is completely fenced with wood privacy fence. There is also a very large storage building that remains for your lawn equipment or a man cave!! When entering the home from the covered front porch you will find a small foyer leading to steps to main level featuring a gorgeous vaulted family room which has a gas fireplace and window on each side for a lot of natural light. View to the eat-in kitchen and the bright white kitchen is to the right. In the kitchen, the cabinetry was recently painted and shelving added, has solid surface countertops and dark stainless steel appliances which will all remain. There is also an island for additional seating and work space. There is a pantry for your convenience. The exterior door from the kitchen leads to a nice size deck with stairs to the backyard. The owner's suite is off the family room, very spacious with a big window also adding natural light. The bath has double vanities, separate shower, garden tub & a decorative oval window above. The floors on the main level are new LVP with exception of bedrooms and baths. Bedrooms have carpet and there are Tile floors in the baths. Two additional bedrooms on the main level are on the opposite side of the family room giving the owner's suite great privacy. These bedrooms are both very spacious. Heading down when entering the home you'll find a very big den/playroom off the hallway that leads to garage, laundry, full bath and bedroom. Two additional bedrooms are on the lower level. Flooring is LVP down as well except bedrooms. If you need space, this is the home for you!! Exterior door from den leads to the level back yard.
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.
