Perched to capture breathtaking long-range views, this exceptional custom home offers an impressive blend of comfort, versatility, and mountain living at its finest. With approximately 2,120 square feet of living space on the upper level and an additional 2,400 square feet of heated space on the main level, this property provides endless possibilities for everyday living, entertaining, hobbies, or a home-based business. The expansive main level serves as a garage, great room, and game room, creating a truly flexible space designed to fit your lifestyle. Heated concrete floors, powered by an on-demand natural gas tankless water heater, provide year-round comfort and efficiency. This level also features a full bathroom and a massive workout room that could easily serve as an additional bedroom, guest suite, office, or recreation area. Upstairs, you'll find a thoughtfully designed living area featuring two spacious bedrooms, two full bathrooms, and a convenient laundry room. The heart of the home is the open-concept living room, kitchen, and dining area, creating a warm and inviting atmosphere perfect for gathering with family and friends. Large windows fill the space with natural light while showcasing spectacular panoramic views. Step outside onto the oversized deck and experience one of the property's most remarkable features. From this elevated vantage point, you'll enjoy stunning mountain vistas and views that stretch for miles, providing unforgettable sunsets and a peaceful backdrop for morning coffee or evening relaxation. Whether you're looking for a full-time residence, mountain retreat, or a property with incredible space and flexibility, this one-of-a-kind home offers comfort, functionality, and scenic beauty in a setting that's sure to impress.
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.
