Located in the desirable Martingale neighborhood of Harmony Grove Village, this stunning three-story live/work home offers modern design, flexible workspace, and sweeping Ridgeline mountain views. Built in 2020, this home offers 3 bedrooms, 3.5 bathrooms, live/work space, and 2,204 sq ft of thoughtfully designed living space. The property features an open-concept floor plan, upgraded finishes, solar, tankless water heater, new carpet, and two second-level balconies with ridge line mountain views. The first level includes a builder designed live/work/play flexible area with private entry, private full bathroom, recessed lighting, and multiple windows that create a bright, inviting atmosphere. This space is separated from the main living areas while staying conveniently connected under one roof. The full bathroom is thoughtfully designed with accessibility in mind, featuring tile flooring that flows seamlessly into the step-less shower. The shower is equipped with convenient handrails and a retractable seat for comfort and ease of use. Additionally, supportive grab bars are positioned throughout the room, ensuring safety and confidence. The main living area showcases an open floor plan that seamlessly connects the kitchen, dining, and family spaces. The gourmet kitchen features quartz countertops, a center island with bar seating, stainless steel appliances, dark wood cabinetry, and a full tile backsplash. The adjoining dining and living areas are highlighted by large windows, doors leading to the balcony, and tile flooring throughout. The second level primary suite includes recessed lighting, a walk-in closet, and a spacious ensuite bathroom with dual sinks, a quartz vanity, and a glass-enclosed shower with bench seating. Two additional bedrooms and a full bathroom are on the third level, providing privacy and flexibility for family, guests, or a home office. The laundry room is conveniently located on the second level and includes upper cabinetry for additional storage and a window for natural light. The balcony off the main living area extends the indoor space and offers beautiful mountain and neighborhood views. The low-maintenance front patio provides an additional private outdoor area. Harmony Grove Village is a master planned community with gorgeous mountain ridgeline views, multipurpose trails, gated pool for homeowners, dog and equestrian park, multiple private parks and the huge 4th of July Park (open to the public). The Grove is the perfect place to enjoy the outdoors- it includes the pool, jacuzzi, wading pool, barbeques, shaded tables, play structure and a covered lounge area with outdoor furniture and fireplace.
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.
