NEW Roof and gutters 2025, NEW Dishwasher, resurfaced kitchen cabinets, NO CARPET means new flooring in bedrooms, Fresh paint thru most of this home make it MOVE IN READY!! Located on a quiet cul de sac in the prestigious, tree lined neighborhood of The Highlands this one story home has so much to offer. Attention to detail, custom touches and thoughtful design elements can be seen throughout. The interior of this home offers a bright and functional floor plan. Formal living and dining areas greet you as you enter. The living area features built in shelving and a cozy fireplace centers the room and is an inviting and ideal area for quiet evenings or formal entertaining. A traditional dining area completes the welcoming entry of this home. The kitchen features granite countertops, stainless steel appliances, and is attached to a second living room full of windows and natural light overlooking the expansive backyard as well as an eat in area with a built in glass door hutch, perfect for both display and storage. The kitchen centers this room with an open concept ideal for family time and entertaining. The split bedrooms offer privacy and functionality. The lot is oversized with mature, gorgeous trees offering shade in the backyard for the patio creating a perfect outdoor oasis to enjoy. A large backyard shed with new decking at the entrance provides extra storage space or could be used for hobbies or a play space. There is extra parking at the rear entry garage. This home is a true gem, in a great location and is ready for you to make it YOURS!
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.
