Get ready to be WOWED! This brick home has 2 full stories at 2476 sq ft, + a finished basement, fenced in yard, 2 car attached & 4 car detached garage!!! Awesomely located between Myers Lake & Hall Of Fame Village, just 4 minutes to 77! The covered porch brings you into the gorgeous front room. A great space, magnified by the 2 story wall & open stairway. Use as formal dining room or living room! The massive kitchen boasts handsome solid oak cabinetry that seems to never end! Laminate flooring, tile backsplash, pantry w/ pull outs, desk area, huge center island, ceiling fan, eating area & newer fridge, gas cooktop & double wall oven! A large family room features a gas fireplace w/ mantle & another set of patio doors. Attached garage access off the kitchen, w/ a heater, pull down attic steps & stairs to the basement. The opposite side of the main floor offers a 1/2 bath & 1st floor primary suite! The spacious bedroom has a walk-through closet to the private full bathroom. Upstairs is a nice long open hallway that over looks the formal dining/living room. There are 3 very nice sized bedrooms, a full bathroom, linen closet, laundry chute & the cutest playroom/storage space. Down to the lower level for another 700+ sq ft of finished space! First is the amazing rec room w/ a custom built bar & glass shelving. There's a bonus craft room/ office/ spare 5th bedroom, along w/ a 3rd full bathroom! Behind, you'll find the laundry & lots of open storage. Now, back outside! The extra wide concrete driveway takes you into the back of the lot, wraps around the house creating a fantastic patio, provides RV parking space & finishes at the detached garage! This might be your favorite part of the entire property! Totaling 984 sq ft, used as a wood shop, but would be a car enthusiast's dream. Heated w/ 2 car door w/ opener & 1 car door on the front side, separate panel box, lighting & 30 amp RV hook up! This is truly a MUST SEE! Call for more details 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.
