Back on the market by no fault of the Seller. Prestigious living in a gated community! Step into elegance inside this sought-after gated neighborhood, complete with resort-style amenities including a sparkling swimming pool and tennis courts. Offering charming Curb Appeal, relax on the inviting rocking chair front porch before stepping inside the front entrance with soaring ceilings. With entertainment at it's best, this spacious family room features a cozy fireplace and a built-in surround sound theater system with 1100-watt speakers, plus outdoor speakers on the covered back patio (all included!). At the heart of the home, the kitchen boasts with upgraded quartz countertops, a massive island, a breakfast bar for six, walk-in pantry, brand new gas cooktop, double ovens, pot filler, and deep sink, all designed for both function and style. This is a chef's dream kitchen. Main-Level Owner's Retreat, where you can enjoy privacy in the luxurious owner's suite with a spa-like bathroom featuring a jacuzzi tub, separate shower, double vanities and a large walk-in closet. Two additional vaulted-ceiling bedrooms are located on the main, tucked away for comfort. Upstairs is the wow-factor. A private suite awaits with its own oversized bedroom, full bath, walk-in closet, and a bonus room perfect for a media room, man cave, or teen retreat. Take a look at all these included extra touches...Intercom system throughout, plantation shutters throughout, built-in laundry cabinetry with a retractable countertop fitting any size washer & dryer, fiber optics throughout, security cameras and a fully functional whole-house generator with a transferable warranty paid through 2029, all included! Outdoor living features a private backyard with a covered patio with dual ceiling fans, creating the perfect space for entertaining or relaxing. This home is perfectly positioned just down the street from Strong Rock Christian School, and minutes from the interstate, grocery stores, and an array of restaurants and shopping, this home has it all blending luxury, convenience, and security. Located in an eligible area for USDA 100% no downpayment, making this dream home even more attainable!
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.
