Nestled in the serene Lake Valley subdivision, this exquisite bi-level residence offers a harmonious blend of modern luxury and timeless comfort. With a thoughtful renovation completed in 2022, this home is a true gem, showcasing meticulous attention to detail and high-end finishes throughout. The home features a newer furnace, hot water heater, and central air conditioning in 2022 and a brand-new roof installed in 2026. As you step inside, you are greeted by an inviting open floor plan that seamlessly connects the living and kitchen areas, perfect for both entertaining and everyday living. The spacious family room, conveniently located off the kitchen, is bathed in natural light, creating a warm and welcoming atmosphere. The kitchen is a culinary enthusiast's dream, featuring upgraded countertops, a central island, and stainless steel appliances, including a gas range and a sleek microwave. The combination of ceramic tile and luxury laminate plank flooring adds a touch of elegance while ensuring durability. This home boasts four generously sized bedrooms, providing ample space for relaxation and personalization. The bathrooms have been thoughtfully designed, featuring a full bath with a tub shower and a convenient half bath for guests. Additional interior highlights include an attic/house fan for enhanced comfort and stylish window treatments that add a touch of sophistication. The fully finished basement offers endless possibilities, whether you envision a cozy media room, a home office, or a play area. The lower floor laundry, equipped with front-loading appliances, adds to the home's functionality. Step outside to discover the exterior features that enhance the property's appeal. The well-maintained lot spans 0.22 acres and includes a rear-entry attached garage, providing both convenience and privacy. The property is equipped with a gutter system and street lights, ensuring a safe and pleasant environment. Located in a suburban setting, this home offers a peaceful retreat while remaining close to essential amenities. Enjoy the tranquility of the neighborhood, complemented by the security features of exterior cameras and Ring doorbell for added peace of mind. This residence is not just a house; it's a lifestyle. Experience the perfect blend of luxury, comfort, and convenience in this stunning Lake Valley home, where every detail has been curated for your enjoyment. Embrace the opportunity to make this exquisite property your own and indulge in the exclusive lifestyle it offers.
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.
