Built in 2019, this exceptional single-story home in the award-winning Connerton community offers 4 bedrooms, 3 bathrooms, a private office, flex/media room, 3-car garage, and 3,227 square feet of thoughtfully designed living space. The open-concept floor plan features a gourmet kitchen with quartz countertops, a large center island with seating on three sides, farmhouse sink, built-in oven and microwave, walk-in pantry, and a custom built-in dining room buffet with glass display cabinetry and storage. The spacious living room overlooks the resort-style backyard, creating the perfect space for everyday living and entertaining. The split-bedroom layout provides privacy, with a luxurious primary suite offering private lanai access, an oversized walk-in closet, and a spa-inspired bath featuring dual vanities, a garden tub, walk-in shower, and private water closet. Three additional bedrooms, two full bathrooms, a versatile flex/media room with limestone patio access, and a spacious laundry room with utility sink complete the interior. Outdoor living is where this home truly shines. Enjoy peaceful conservation views with no rear neighbors from your custom infinity-edge pool and spa featuring bubblers, LED lighting (Pool features controlled by Pentair pool app). The outdoor entertainment area includes a natural gas outdoor kitchen beneath a hard-top pergola, built-in propane fire pit beneath draping string lights, premium turf, covered playground, Vego raised garden beds with automated irrigation, French drain, and an automated mosquito misting system with low-level monitoring making outdoor living even more enjoyable. Additional features worthy of mention include a reverse osmosis water filtration system, tankless water heater, structured smart-home technology hub (for home features controlled through an application) brand-new Mohawk carpet in all bedrooms with transferable warranties, and a turf vacuum that conveys with the home. Residents of Connerton enjoy resort-style amenities including multiple community pools, splash park, fitness center, tennis and pickleball courts, basketball courts, walking and biking trails, dog parks, playgrounds, and year-round community events. Conveniently located near shopping, dining, medical facilities, top-rated schools, and major commuter routes, this home offers the perfect blend of luxury, comfort, and convenience.
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.
