Welcome to this stunning 5-bedroom, 3-bathroom POOL home, with VIEWS, and PAID SOLAR in the beautiful Greer Ranch community!! Pulling into the driveway you will immediately appreciate the easy maintenance front landscaping and the new exterior paint. Walking through the front door you are greeted with newer LVP flooring spanning throughout the entire home. To your left you will find the large downstairs guest bedroom with a full bathroom, perfect for multi-gen families or guests! As you continue downstairs you will find a bonus room which can be used for an at home office or a big play room for kiddos! As you move past the dedicated dining room you will find your fully remodeled kitchen with a waterfall-edged kitchen island, tons of countertop & cabinet space, & a double oven! The entire kitchen opens up to the living room and the breakfast nook, surrounded by tons of windows allowing plenty of natural sunlight & views into your backyard. Upstairs on your left you will find the loft, big enought to fit a pool table, full game room or even a man cave. Moving down the hallway you will find your three additional guest bedrooms sharing a large guest bath. The master suite offers a private, elegant fireplace & a balcony with beautiful views of the city & the mountains. The master bath has dual vanities, a large walk-in closet, and a separate soaking tub & walk in shower. In the backyard you will find a your private pool and again amazing views. On the left side of the yard you will find a gazebo , the perfect outdoor dining area for summer nights or even morning coffee! You will also find turf for the kids or pups to play & two like-new high efficiency HVAC units for the entire home. Additional upgrades to the home include a whole house water filtration system and a portable generator with a trasnfer switch.
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.
