Welcome to what neighbors call "That Big Beautiful House on the Corner" in the gorgeous Cascata Lakes, where space, comfort, and thoughtful updates come together to create a home that truly invites you in. Situated on a huge .37 Acre corner lot, this 2-owner spacious 3,525 SQFT custom built home features 4 spacious bedrooms PLUS a dedicated study, and 3.5 bathrooms. This one of a kind home is within walking distance to the lakes. Downstairs is open concept with timeless built ins and tall ceilings! Just off the main living area is a versatile bonus space .. ideal for a sunroom, playroom, second office, workout room, or quiet retreat. The master suite is a true private oasis being the only downstairs bedroom and equipped with a wall fireplace for cozy nights. Solid wood doors and crown molding throughout the home and tons of storage. The kitchen is ready for busy mornings and holiday dinners, featuring custom cabinetry, tons of counter space, and new stainless steel appliances. The formal dining room and butler’s pantry create an inviting setting for hosting family and friends. True upstairs with landing and 3 generous bedrooms, one with its own bathroom.. perfect for a guest suite. Outside you'll find a huge landscaped backyard complete with a brand new cedar privacy fence, extended concrete patio, and a 12x20 Tuff Shed building that offers additional storage. The yard is beautifully accented by a mature magnolia tree, mature crepe myrtles, raised bed gardens, and maintained with a dual sprinkler system. Additional improvements and features include updated flooring in two rooms, dual zone HVAC central vacuum system, new front storm door, oversized 3-car garage, and an updated heat pump. For added peace of mind, the home has a video surveillance system with seven mounted security cameras, a WiFi spotlight camera, and an in ground storm shelter. Across from all local amenities and I44, the home is conveniently located, and is ready for you to create lasting memories!
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.
