Paid-in-full solar system to be transferred free and clear at closing and the new buyer will own it outright. Assumable VA loan at just 5.125%! Luxury, views, and room for everything you love await in this stunning 4-bedroom + loft, 3-bath home offering 2,818 sq ft on a premium corner lot with no neighbors behind or to the side and unobstructed mountain views. Designed for both everyday comfort and elevated living, this property features a 5-car garage including a dedicated RV bay, and the owner spared no expense with over $182,000 in upgrades throughout. Inside, you'll find gorgeous plank flooring, plantation shutters, and high-end finishes in every room. The open-concept layout seamlessly connects the kitchen, family room, and dining area, making it ideal for entertaining and daily.. living. The chef's kitchen is a true centerpiece with quartz countertops, subway tile backsplash, staggered soft-close cabinetry, a huge walk-in pantry, butler's area, and a large eat-in island with pendant lighting. The premium GE Café stainless steel appliance package -- including a 6-burner gas range and French door refrigerator -- completes the space beautifully. The downstairs bedroom and full bath are perfect for guests, a home office, or multigenerational living. Upstairs, the split primary suite feels like a private retreat, featuring a spa-inspired bath with a soaking tub, custom tile surround, dual quartz-topped vanities with Kohler sinks, and an oversized shower with rain and handheld heads, bench seating, and tile to the ceiling. The walk-in closet is equally impressive. Two additional spacious bedrooms, an upgraded full bath, an oversized laundry area, and a versatile loft provide flexibility for a playroom, media room, office, or lounge space. The low-maintenance backyard was built for entertaining and relaxing, with paver patios, artificial turf, solar lighting, and view fencing that perfectly frames the mountains. Enjoy unforgettable evenings around the sunken fire pit lounge, or host with ease from the raised outdoor kitchen featuring a Turbo 4-burner stainless steel grill, refrigerator, sink, and custom backsplash. The covered patio with ceiling fan and TV mount completes the outdoor living space. Bring all your toys -- this neighborhood was built with RV living in mind, and each home in the immediate area includes a dedicated RV garage. The epoxy-coated 3-car tandem garage plus the massive RV bay with cleanout and 60-amp service gives you space for up to 5 vehicles, an RV, boat, UTVs, side-by-sides, storage, and more. Additional functional upgrades include an RV dump/cleanout, overhead storage, a cleanup sink, and a soft water system. The 14kW solar system is fully paid off and will convey to the buyer at closing, delivering major energy savings and dramatically offsetting APS bills. The seller is happy to provide the last 12 months of electric bills -- they are impressively low. This is a rare opportunity to own a home that blends luxury, function, efficiency, and lifestyle in one exceptional package.
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.
