Rare floor plan, Spring Mountain views • Heated pool & spa • Bedroom & bath downstairs • Chardonnay in Summerlin Two-story 4-bed in the Chardonnay Community, Summerlin 89144, built in 2000 by Lewis Homes — one of the few floor plans in the neighborhood with an extended dining room and a private primary-suite balcony with Spring Mountain views. A fourth bedroom and 3/4 bath are downstairs — guest room or home office. Luxury vinyl plank runs through the main floor, with plush carpet in the bedrooms, and a gas fireplace anchors the living room. Updated kitchen: quartz counters, stainless steel appliances, breakfast bar, pantry, and dining nook. Upstairs primary suite with two walk-in closets and a dual-sink bath with separate shower, soaking tub, and two large frosted windows for natural light. Generously sized secondary bedrooms upstairs, each with two windows. Private backyard with heated in-ground pool, waterfall spa, and desert landscaping; the lot backs to the cul-de-sac, so there's no rear neighbor directly behind. Upstairs laundry room with storage cabinets, spacious counter, and whole-house plumbing manifold, plus generous storage throughout, including garage cabinets. Recent updates: exterior paint (2025), interior paint (2022), new refrigerator (2026), whole-house water filtration, and security system. Refrigerator, washer, dryer, and blinds included. Zoned for Bonner Elementary, Rogich Middle, and Palo Verde High. Walking distance to the middle and high schools and the Veterans Memorial Community Center, with its Olympic-size pool and fitness center. Short drive to the elementary school, Arbors Tennis & Play Park, Oxford Park, Summerlin Hospital, Downtown Summerlin, Red Rock Canyon, and the 215 Beltway.
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.
