Ready for your dream home? Look no further! Beautiful 5-bedroom, 3‑bath home in the desirable “Arrowhead Estates." This exceptional property offers the feeling of a year‑round retreat with upgrades and amenities throughout. Enjoy your morning coffee on the wrap‑around front porch while taking in the natural surroundings. Recent improvements include newer roof (house and garage) less than 4 years old, newer siding and gutters with leaf guards, and a brand‑new wood fence enclosing the backyard. The Gunite kidney‑shaped inground pool was resurfaced in 2015 and is complemented by a new pergola, perfect for grilling or relaxing by the firepit. A large shed provides ample storage for tools and pool equipment. The current chicken coop offers flexible use and can easily be converted into a potting shed, workshop, or additional storage. Love to cook? This custom kitchen features beautiful maple American Wood mark cabinetry, a large center island with a new stainless‑steel hood and pendant lighting, granite countertops, and all new stainless‑steel appliances, including a wall convection oven with microwave above. Brand‑new wood flooring flows through the kitchen and dining area, freshly painted throughout most of the rooms. A spacious breakfast room and dining room overlook the gardens. The oversized family room is a true showpiece, featuring a turret roof with a stunning wood cathedral ceiling. Palladian windows that fill the space with natural light, and a granite‑top wet bar with Kegerator and beverage cooler (ideal for entertaining). A brick fireplace with wood‑stove insert adds warmth and charm. Main level primary suite featuring a full bath with a large tile shower, glass doors and jacuzzi tub. Second floor offers four generous sized bedrooms with large closet space along with an updated full bath. Additional highlights include 3/4-inch tongue‑and‑groove hardwood floors throughout, 9‑ft ceilings on the first floor, and a two‑zone HVAC system updated 8 years ago. The property also includes an oversized detached one‑car garage with abundant storage, an unfinished basement, and leased solar panels on the rear roof ($192/month). Don't miss out!! This property will not last long!
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.
