**$8,000 in closing costs being offered by the seller w/ an acceptable offer!!**THIS BETTER THAN NEW, spacious, beautifully designed 4-bedroom, 2-bath home in the charming town of Guthrie. Featuring thoughtful upgrades throughout, this home is truly move-in ready! Enjoy relaxing on the large front porch with peaceful views and take in a breathtaking sunrise over the horizon. Classic architectural design pairs seamlessly with an open, flowing floor plan that offers both comfort and elegance. Inside, the spacious great room provides plenty of room to entertain, while the kitchen impresses with timeless granite countertops, stainless steel appliances, a charming backsplash that adds plenty of character, abundant upper and lower cabinetry, and a walk-in pantry any home chef will appreciate. The primary suite features high ceilings, a lovely bay window overlooking the backyard and mature trees, and an en-suite bathroom with a spacious shower/soaker tub combination, dual vanity with granite countertops, additional storage, and a large walk-in wardrobe. A secondary bedroom at the back of the home is privately situated, creating an ideal retreat for guests, an optional home office, or bonus space. Toward the front of the home, two generous secondary bedrooms share a well-placed bathroom, offering comfort and privacy for all with a spacious vanity, granite countertops and a transom window for natural light. Step outside to your spacious back patio, surrounded by mature trees that enhance privacy across the spacious .83-acre (mol) lot. Large windows throughout the home frame the outdoors, while beautiful arched doorways and high ceilings add a custom touch to the entire space. A 3-car garage provides ample room for tools, equipment, a riding mower, and more, complete with a storm shelter. For those wanting additional storage or workspace, the addition is approved for a 30x40 shop—a dream opportunity with endless possibilities. Don't wait! Make this home yours TODAY!
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.
