Enjoy your OWN Private Pool & Spa in a very Private Setting...Inside & Out have been tastefully Updated from the Newly-reworked Landscape, to the Gorgeous Pool Area, to the Entire Interior!!! The property has become your very own Custom-Designed home...NEW and thoughtful appointments throughout customize this home to the MAX!!! It's a 2/2/2, but it is a MIGHTY one w/amazing additions!!! Kitchen updated w/NEW SS Appliances, Gorgeous NEW Copper Range Hood w/Tile Surround, and Newly-lowered Breakfast Bar...Stunning NEW Lighting and Modern Ceiling Fans throughout make it GORGEOUS!!! Both Baths updated, and MBR Suite has outside access, and the MBR Bath is STUNNING too!!! Laundry w/Custom-built platform for your W/D & Built-in Ironing Board...Epoxy-floor GARAGE w/custom rollaway bench!!! 2815 GLENGARRY WAY AMENITIES/UPGRADES/IMPROVEMENTS GORGEOUS LANDSCAPE...Completely Redone...RipRap Rock totally taken out, cleaned and reworked; Amazing Mature & Specimen Joshua Tree sheered for maximum effect; Mature Saguaro complete with authentic Woodpecker housing; Stunning & Mature & Very Desirable Barrel Cactus... COURTYARD...NEWLY Created Courtyard Area with Elegant Custom Fencing crafted o timeless Wrought Iron and 4x4 Wood Posts...plenty of room to add your own style fountain, if desired!!! INSIDE...All Newly Painted; New Custom Tile Baseboards; Granite Countertops; NEW High-End Appliance Bundle; Gorgeous NEW Copper Range Hood with Stunning Tile & Granite Backsplash; NEW & Amazing Light Fixtures Throughout the Inside & Out; NEW & Impressive Ceiling Fans; NEW Door Hardware, Both Baths Upgraded with Raised-Height Vanities & MBR Bath Remodeled & Stunning; New Shower/Tub Bi-Pass Glass Doors; Totally Upgraded Laundry Room with Custom Platform with High-End W/D; Built-In Ironing Board & Utility Sink; Newly- Installed Gas-Log Fireplace; New Mantle; Gorgeous & NEW Bookcases to match the Gorgeous & NEW Wood Beams Accenting your Ceiling...NEW Window Treatments; ALL Windows/Doors Newly Tinted; NEW Window Screens; NEW Patio Sunshade; Upgraded Water Softener System; Whole Home Air Filtration; NEWLY Painted Garage & Epoxy Floor; NEW Custom Garage Rolling Back Work Bench; NEW Garage Metal Shelving; Garage Ceiling Insulated...Added Electric Panel for your high-end tools and electric vehicle... PRIVATE POOL/SPA...VERY Low Maintenance PebbleTEC Finish; GAS Heater; Solar Blanket; Prepped for Roof Solar; Larger Diatomaceous Filter; Inline Chlorine Feeder; Automatic Water Level; Automatic Dolphin Robot Vacuum; Gorgeous Elaborate Waterfall; Heated SPA with overflow into Pool; Newly Sandblasted Tile to make LIKE NEW; Waterfall Rock Newly Stained and Beautiful; Newly-Painted Cool Deck; Built-in Gas-Log Firepit with Custom Adobe-Style Bench Surround; all refinished to make gorgeous!!! TASTEFUL TOUCHES THROUGHOUT THE ENTIRE PROPERTY TO MAKE IT ONE-OF-A-KIND!!!
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.
