Be captivated by the show-stopping curb appeal of this beautiful residence. Begin making lasting memories on the expansive wraparound porch, offering ample space for seating while you take in the lush landscaping and charming, hometown neighborhood feel. Step inside to a dramatic two-story foyer with an open staircase that sets the tone for the home's inviting design. The formal living and dining rooms provide the perfect setting for entertaining, while a private office offers a quiet space for work or study. The warm and welcoming family room features a cozy fireplace, ideal for gathering year-round. The stunning kitchen is appointed with rich maple cabinetry, complemented by new quartz countertops and a stylish backsplash, creating both beauty and functionality. A bright sunroom offers versatile use as a sitting area or additional office space, with sliding doors that lead out to the upper-level deck-perfect for relaxing or entertaining outdoors.The upper level is a true retreat, anchored by a breathtaking primary suite designed for both comfort and indulgence. This expansive sanctuary features a luxurious spa-inspired bath, thoughtfully appointed with upscale finishes, along with oversized walk-in closets that provide exceptional storage and organization. A private sitting room, elegantly enhanced by a cozy fireplace, creates the perfect space to unwind, read, or simply relax at the end of the day. Beyond the primary suite, the second level continues to impress with three additional generously sized bedrooms, each offering ample space, natural light, and versatility for family, guests, or even a home office. A well-appointed full bath serves these bedrooms, blending functionality with style to accommodate both daily living and entertaining needs. Looking for additional living space that blends comfort, function, and connection to the outdoors? The full walkout basement delivers on every level. Thoughtfully finished, this expansive lower level offers a generous living area that is perfect for entertaining, relaxing, or creating a private retreat for guests or extended family. Whether you envision a cozy media room, game space, or secondary family room, the flexibility here allows you to truly make it your own. A full bath adds convenience and versatility, making this space ideal for overnight stays or multi-generational living. Storage is abundant, featuring a large double-doored storage closet along with additional areas to keep everything organized and out of sight. Sliding glass doors invite natural light to pour in while seamlessly connecting the indoors to the outdoors. Step outside and you'll find yourself immersed in a truly fabulous backyard with a serene, park-like setting. A beautiful brick patio provides the perfect space for outdoor dining, entertaining, or simply enjoying peaceful mornings and quiet evenings. The picturesque pond enhances the tranquil atmosphere, creating a setting that feels like your own private escape. This lower level is more than just extra space-it's an extension of the home's lifestyle, offering comfort, beauty, and endless possibilities both inside and out. This home has been lovingly cared for and is in pristine condition!! All of this in a pool/clubhouse community with walking paths and close to shopping.
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.
