Enjoy the natural beauty, peace & security of resort-style mountain living from this amazing 5 Bedroom / 4.5 Bath traditional style sanctuary with a YOUNG ROOF & finished basement, wonderfully tucked away on a rare LEVEL .95-acre culdesac lot inside the gates of Bent Tree. Bent Tree features an 18-hole championship golf course, indoor & outdoor tennis / pickleball courts, an equestrian center, scenic trails, 2 pristine pools, a 110-acre lake, its own restaurant, year-round activities & social events, and a 24/7 Public Safety team that includes gate security, fire & EMT services. The welcoming kitchen boasts a breakfast nook, walk-in pantry, detailed cabinetry, & views to the spacious dining & living rooms. Featuring a decorative stone fireplace, the living room provides the perfect atmosphere for creating memories with family & friends. Relax and get closer to nature from the massive closed-in sunroom, accessible from the living room or main level master bedroom. The oversized master bedroom presents vaulted ceilings, hardwood floors, & bathroom with a double vanity, 2 walk-in closets, & luxurious tile sit-down shower. Main level also features hardwood & tile floors throughout, a half bath, laundry room near the master, additional storage / coat closet, & a covered front wrap-around porch. Upper floor includes an office or 2nd laundry room, linen closet, full hallway bathroom, & 3 spacious bedrooms, including a 2ND MASTER SUITE with direct access to another beautiful sunroom. The upper master suite includes a walk-in closet, full bath with tile shower, soaking tub, & double vanity. The nicely finished daylight / walkout basement features a full bath, 5th bedroom, and large living area with wet bar. This marvelous retreat is conveniently located within 2 minutes of the Back Gate, Dog Park, Stables, & some of the most picturesque natural features of Bent Tree, including the Bent Tree Lake Dam & Spillway. Bent Tree is located approximately 10 minutes from downtown Jasper & ample options for entertainment, shopping, & restaurants. Offered at $550,000, do not let this wonderful home and lifestyle that comes with it slip away! Showings are by appointment only.
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.
