Stunning Custom Home in Sought-After Wild Wood Estates. Heavily landscaped corner lot, mature trees, stone-accented brick exterior, landscaping, oversized driveway. Step through the tile entry into a home where nail-down hardwood floors, crown molding & thoughtful finishes flow throughout the main level. Grand living room is anchored by a dramatic floor-to-ceiling stone fireplace with gas logs, offers pool views, a perfect gathering space. Formal dining & separate breakfast area keeps the connection to the stunning backyard with its own pool views. The kitchen is a chef’s dream, granite counters, island, breakfast bar, custom cabinets with rope accents, custom wood vent hood, 5-burner gas cooktop, double ovens, microwave, Bosch stainless dishwasher, Samsung stainless refrigerator, under-cabinet lighting, pantry round out this beautiful space. Private primary suite is located downstairs with hardwood floors, trey ceilings & serene pool views. Updated primary bath offers huge walk-in closet, frameless walk-in shower with rain head, new countertops. Study with French doors, nail-down wood floors, built-in bookcases & large WIC is ideal for working from home. A second main-floor guest bedroom with wood floors & large WIC shares a beautifully remodeled full bath with updated tile, new vanity & frameless sliding glass shower door. Upstairs oversized game room offers a flexible living space, two additional bedrooms are well-appointed including a front BDR with vaulted ceiling & large WIC & rear BDR with an ensuite bath. Two walk-out attics provide an abundance of storage rarely found in any home. Backyard is nothing short of a private resort, stunning pebble-tech heated pool & spa, waterfalls, patterned concrete, covered patio, extended arbor. Custom putting green, lush landscaping, iron fence complete this incredible outdoor retreat. 3-car oversized garage with extra work area, built-in shelving, utility room with sink & built-in cabinets, sprinkler sys, floor plug
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.
