Nestled in an exclusive cul-de-sac, this beautiful property on a generous .288 acre lot on a cul de sac embraces luxury living at its finest. Boasting four expansive bedrooms, each with its own private ensuite bath, and six total baths, this home is the epitome of comfort and elegance. Step through the stately double door entry, and be captivated by the light, bright, and airy ambiance that flows seamlessly throughout. High ceilings and rich hardwood flooring set the stage for unparalleled elegance, while the impressive floor to ceiling tile gas fireplace serves as a stunning centerpiece in the living area. The spacious primary bedroom has a fireplace for warm and cozy evenings. A large secondary bedroom suite on the first level caters to guests or multigenerational living with ease, while a uniquely positioned study between the first and second floors adds a touch of architectural intrigue and convenience. VA Loan with assumable below market rate available for Veterans. Culinary enthusiasts will delight in the gourmet kitchen featuring double ovens and a large center island, perfect for entertaining or casual family gatherings. Adjacent to the formal dining room and family room is a beautifully designed built-in wine or refreshment bar. The entire space is perfect for hosting elegant dinner parties. Entertainment options are abundant with an oversized game room adorned with sleek wood flooring and a two level enclosed media room with surround sound designed for cinema quality experiences. VA Loan with assumable below market rate available for Veterans. The exterior offers a poolsized yard, catering to those who envision creating a private outdoor oasis. The three car garage has ample space for vehicles and storage further enhancing the home's functionality and sophistication. Lastly, this serene cul de sac location provides both privacy and tranquility. Contact me today for your private showing.
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.
