Welcome home to this stunning one-owner residence in the highly sought-after Indian Shoals Landing community-where comfort, style, and functionality come together beautifully. From the moment you step inside, you're greeted by a grand two-story foyer and a light-filled, open-concept design that effortlessly blends everyday living with elegant entertaining. The main level is complemented by updated lighting that adds a fresh, contemporary feel and offers a formal dining room ideal for hosting, along with a versatile office/flex room. At the heart of the home, the chef-inspired kitchen is sure to impress, featuring granite countertops, stainless steel appliances, a gas range, stylish backsplash and a spacious center island. Overlooking the inviting family room and sunlit breakfast area, this space is perfect for gathering and making memories. A private guest suite with a full bath provides the perfect setup for visitors or multigenerational living. Upstairs, you'll find generously sized secondary bedrooms, a convenient Jack-and-Jill bath, an additional ensuite bedroom, and a dedicated laundry room for added ease. The oversized primary suite serves as a true retreat, complete with vaulted ceilings, a cozy sitting area, dual vanities, a soaking tub, separate shower, and a spacious walk-in closet. Situated in a welcoming swim and tennis community within the award-winning Archer School District, this home offers both lifestyle and location-with easy access to Highway 316, shopping, dining, and entertainment. This is more than just a home-it's where lasting memories are made.
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.
