Gorgeous Saugus home in the "Estrella Vista" community with stunning upgrades throughout. No rear neighbors, beautifully landscaped & tons of curb appeal. Sky high ceilings allows natural sunlight to fill the home through many large windows w/beautiful plantations shutters. Exquisite Acacia wood floors flow throughout this highly sought after floor plan. Charming formal living room & dining room gives you an indication how beautiful this home truly is. Continue to a large "GREAT" room (family) with tall ceilings & wall to wall windows to display views of the peaceful & private backyard. The chef in your family will be excited to see that the Kitchen gives you an abundance of cabinetry, quartz counters, gleaming tile backsplash & island with quartz slab; incredible fixtures & appliances. Follow those gorgeous Acacia wood floors up the stairs trimmed with tall, designer cut moldings and discover a unique loft space perfect for working from home, kids homework center or gaming area. Double door entry leads you into the Primary bedroom highlighted by more expansive & private views. Two (2) walk-in closets will lead you into absolutely GORGEOUS Primary bathroom. Pamper yourself with a freestanding soaking tub with custom chrome standing faucet, renovated shower using stunning materials, fixtures & seamless glass doors...upgraded vanities, sink, faucets, mirrors & lighting that complete this spa like experience. Three (3) additional bedrooms with the same beautiful Acacia wood flooring & tall moldings ensuring this was a full renovation in every area of this special home. 2 car garage with epoxy flooring and a fabulous neighborhood with low HOA and NO Mello Roos....simply too many upgrades & features to list, but this is a MUST SEE home so be prepared to fall in love!!!
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.
