ASSUMABLE VA LOAN with 5.125% interest rate! Owner would consider a lease or lease/purchase as well. This home offers Luxury, Views & Space for Everything You Love! This stunning 4-bedroom plus loft, 3-bath home with 2,818 sq ft sits on a premium corner lot with no neighbors behind or to the side and showcases unobstructed mountain views. With a 5-car garage including a dedicated RV bay, it's designed for both everyday comfort and extraordinary living. Owner spared no expense when designing and building this home - over $182,000 of upgrades throughout! Step inside to gorgeous plank flooring, plantation shutters throughout, and top-tier upgrades in every room. The open-concept design creates a seamless flow between the kitchen, family room, and dining area - ideal for both entertaining and daily living. The chef's kitchen is a true showpiece with quartz counters, subway tile backsplash, staggered soft-close cabinetry, a huge walk-in pantry, butler's area, and a large eat-in island with pendant lighting. Outfitted with the premium GE Café stainless steel appliance packageincluding a 6-burner gas range and French door refrigeratorit's ready for your best recipes. The downstairs bedroom and full bath is ideal for guests, a home office, or multigenerational living. Upstairs the split primary bedroom feels like your own private escape. The spa-inspired bath includes a soaking tub with 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! Additional highlights include two additional spacious bedrooms with designer touches, an oversized laundry area, and an upgraded full bath and upgraded quartz countertops and luxury finishes. The loft area offers the perfect bonus space that you can use for a variety of options - kids' playroom, media center, office or just a place to chill. The low maintenance backyard is an entertainer's dream designed for hosting and relaxing with paver patios, artificial turf, solar lighting, and view fencing that frames the mountains. Host unforgettable gatherings with the sunken fire pit lounge, raised outdoor kitchen with a Turbo 4-burner stainless steel grill, refrigerator, sink, and custom backsplash. The covered patio with ceiling fan & TV mount complete your corner area. Bring all your toys! This neighborhood is built with RVs in mind as each home in the immediate area is equipped with a dedicated RV garage. An epoxy coated 3-car tandem garage plus a massive RV bay that features a cleanout and 60-amp service gives you room for up to 5 vehicles, an RV, boat, UTV, side by sides, more toys, or storage. An RV dump/cleanout, overhead storage, a cleanup sink, and a soft water system make it as functional as it is impressive. Enjoy major energy savings with the 14kW solar panel system that significantly offsets your APS bill. Owner is happy to provide the past 12 months of electric bills...you'll be amazed how low they are! This home has been designed for the way you live - luxurious, smart, and perfect for entertaining. Homes with this level of finish, space, and views rarely hit the market. Don't miss your chance - come see it 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.
