This striking two-story home, accented with fire-red matching doors and shutters and three garage bays, is an absolute showstopper! WELCOME HOME to this impressive 4-bedroom, 2.5 bath 3,686 sq ft Primrose model, perfectly situated in the desirable Silver Leaf Glen community and featuring a charming front porch that invites you in. Step inside to discover gorgeous premium high-end hickory hardwood floors (2022), a wide foyer with a soaring ceiling, and a bright, open-concept layout highlighted by elegant white banisters leading to a spacious loft landing. A versatile living room sits to the right, with a formal dining room to the left, ideal for hosting and entertaining. While 9-foot ceilings span the entire main level, the expansive family room serves as the heart of the home, complete with a stylish tiled gas fireplace. The modern chef's kitchen is loaded with upgrades, including quality granite countertops, a center island, 42" cherry cabinets, black stainless-steel appliances, and a sunny breakfast area. Just off the kitchen, you'll find a flexible office or additional bedroom space to suit your needs. The first-floor laundry room is thoughtfully designed with a pantry cabinet and a built-in organizer bench. The upper level offers a versatile loft which provides valuable added living space and can easily function as a second family room, home office, playroom, media area, or whatever suits your lifestyle. Retreat to the enormous primary suite featuring a vaulted ceiling, built-in shelving, two walk-in closets, and a luxurious en-suite bath with dual sinks, ceramic tile flooring, a large soaking tub, and a separate glass-door shower. Three additional generously sized bedrooms offer stylish details such as bead board, tray ceilings, crown molding, and walk-in closets, along with a spacious shared hall bath. Bring your ideas to life in the full English basement ready for your custom vision. Step outside to a beautifully fenced backyard showcasing a 16x20 composite deck, pergola, and professional landscaping, perfect for relaxing or entertaining. Additional highlights include a security system, surround sound, energy-efficient solar panels, and dual-zone HVAC for comfort and efficiency. Located within highly sought-after School Districts 38/124 and just a short distance to Silver Leaf Glen Park, this home truly has it all. Schedule your showing today!
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.
