Discover luxury, comfort, and thoughtful design in this absolutely gorgeous stucco-and-stone ranch situated on a spacious .79-acre lot. Boasting over 2,800 sq ft, this home offers exceptional craftsmanship, soaring ceilings, and a layout ideal for both everyday living and entertaining. The Interior has High Grand 12-ft cathedral ceiling in the formal living room, formal dining room, and family room-accented with columns. It also comes with upstairs bonus room suite with its own full bathroom, perfect for guests, office space, or a media room. Vintage flooring flows throughout the main level; carpet in the upstairs bonus room for added comfort. Eat-in kitchen with stainless steel appliances, elegant 42" cabinetry with trim, tile backsplash, black granite countertops, bar seating, and recessed lighting. It also has wide interior doorways enhance accessibility for wheelchair use. A huge laundry room with cabinets, pantry storage and a deep sink. The primary Suite Retreat has a spacious master bedroom with private patio access. Luxurious bathroom featuring a tiled shower with bench, a frameless glass door, double vanity, and a generous walk-in closet. The split level additional Bedroom & Bath Features Secondary bathroom with tile flooring. Jack-and-Jill bathroom connecting two additional bedrooms. The Outdoor Living features expansive wood-privacy fenced backyard with both a drive-through gate and a walk-through gate. The home has a patio plus a 12x12 wired gazebo featuring 3 USB ports, 3 electrical outlets, and 3 hanging fans-perfect for entertaining. It also has a 15x15 storage unit on a concrete slab with a walk-through garage door for extra storage. The front yards has a Built-in sprinkler system. Additional feature comes with a Architectural shingle roof with fan motor to keep the attic cool. Security system wired in the garage with a removable iPad panel in the primary bathroom; storage building is also security-wired via Bluetooth. This home is absolutely beautiful and will not last!!!
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.
