Join us for an Open House on Saturday, 6/27 1-3 PM! Welcome home to this immaculately maintained 2019-built beauty nestled in a quiet cul-de-sac in Monroe! Thoughtfully designed and beautifully updated, this home offers the perfect blend of modern comfort, functionality, and timeless style. From the moment you step inside, you'll appreciate the attention to detail, including custom draperies and stunning newly installed wood beams that add warmth and character throughout the home. The main level features gorgeous hardwood flooring, a spacious formal dining room, and a private home office complete with custom barn wood sliding doors. The expansive family room flows seamlessly into the open-concept kitchen, where you'll find granite countertops, stainless steel appliances, ample cabinet space, and a gas cooking range perfect for everyday living and entertaining alike. Upstairs, the possibilities are endless. A massive secondary living area provides the flexibility to create a media room, library, playroom, home gym, gaming room, or additional family space to fit your lifestyle. Three generously sized secondary bedrooms each offer large walk-in closets, while the oversized primary suite serves as a true retreat with plenty of room for a sitting area. The luxurious primary bath features separate his-and-her vanities, dual oversized walk-in closets, a large soaking tub, tiled shower, and a private water closet for added comfort and privacy. Enjoy peaceful mornings on the inviting front porch with a cup of coffee or unwind in the evenings while taking in the sunset. Out back, you'll find a lush, fully fenced backyard with plenty of room for pets, play, and gatherings, along with a patio that's perfect for grilling and spending time with family and friends. Complete with a side-entry two-car garage and situated in a desirable cul-de-sac location, this exceptional home offers space, style, and comfort at every turn. Don't miss your opportunity to fall in love and make this Monroe gem your own!
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.
