JUST REDUCED! Stunning Remodeled 4 Bedroom, 2.5 Bath Home with OWNED Solar and BONUS Room. Step inside this beautifully remodeled home and experience a bright, open entryway with vaulted ceilings that make a stunning first impression. This spacious property features 4 bedrooms, 2.5 bathrooms, and a versatile bonus room off the garage that can be used as a home gym, office, or playroom. The layout offers both a living room and a family room, providing plenty of space to relax and entertain. The family room features a cozy brick fireplace, while the separate dining room is ideal for gatherings and celebrations. The fully remodeled kitchen is a showstopper with newer cabinetry, updated lighting, newer appliances, a double sink, and a stylish backsplash, making it perfect for cooking and entertaining. The home also features newer LVP flooring, fresh paint, and ceiling fans throughout, creating a warm and inviting atmosphere. Both bathrooms have been tastefully renovated, including luxurious wetroom-style showers. The primary suite is a true retreat with a soaking tub, dual sink vanities, and a walk-in shower. Generous storage is found throughout the home for added convenience. Over $200,000 in upgrades have been invested into this property, bringing modern comfort, functionality, and style to every corner. Energy efficiency is a highlight with owned solar panels, newer windows, a new HVAC system, and a new water heater. Step outside to enjoy the beautifully landscaped front and back yards, a newer redwood fence for privacy, and full gutter protection. Additional upgrades include newer sliding glass doors, updated electrical in the bathrooms, and a spacious two car garage. Every detail has been thoughtfully designed to create a turnkey home that blends modern style with everyday comfort. With its quality updates and inviting spaces, this home is ready for you to move in and enjoy. Don't miss out!
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.
