Rare Ranch Home in Murphy Creek – Main Floor Living! Welcome to this beautiful ranch-style home in the highly desirable Murphy Creek community! From the charming curb appeal and large front porch to the warm and inviting interior, this property offers both comfort and convenience. Step inside to a welcoming foyer that opens to an office with built-in shelving and a formal dining room featuring a bay window. The gourmet kitchen is a chef’s delight with a gas cooktop, double ovens, granite countertops, a large island, and an eat-in dining space. French doors lead out to a spacious Trex deck—perfect for outdoor living and entertaining. The main floor boasts a large family room with a cozy gas fireplace, a private primary suite, and two additional bedrooms, all with convenient access to the laundry room (complete with cabinets and utility sink) and the oversized 3-car garage. The finished basement offers even more living space with a bar (featuring a built-in keg and wine/beverage refrigerator), a media room with its own gas fireplace, and built-in niches. Guests will love the private suite with a full bath, while the bonus/wine room could easily serve as a 5th bedroom (non-conforming). A large storage area includes a finished craft/workshop. Stop over to the Murphy Creek Tavern restaurant, the community amenities include a pool, playground, tennis courts, trails, and more all within walking distance. Murphy Creek K-8 School, too! Drivable conveniences include Buckley Air Force Base, Southlands Mall, E-470, I- 70, and DIA. Handicap accessibility throughout the home. This home truly combines main-floor living, functional design, and an active community lifestyle—all in one rare find!
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.
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