This stunning 4-bedroom, 2.5-bath home, spanning nearly 2,700 square feet, is located in the desirable Heritage Lake neighborhood. Upon entering through the electronic key lock, you are greeted by a spacious, bright great room featuring luxury vinyl tile flooring. The kitchen boasts white shaker cabinets, stainless steel appliances, quartz countertops, and a large island ideal for meal preparation and entertaining, complemented by both a gas stovetop and electric oven. The great room is designed for comfort, equipped with a large ceiling fan and a gas fireplace, and is fully wired for an entertainment system. The home includes both a formal dining room and a breakfast room, providing flexibility in furnishing. The laundry room is practical, featuring a deep sink, cabinets, and ample shelving for storage. The three-car garage includes a workshop area with a workbench and additional storage. Outdoor living is enhanced by a large California room with a fan, leading to a beautifully landscaped backyard that requires low maintenance. The patio is spacious enough for a barbecue setup, and the yard includes designated areas for games like bocce ball and horseshoes. The scenic views from the backyard include neighborhood landscaping and distant mountains, with seasonal highlights such as snow-capped peaks in winter and hot air balloons in spring. The home is equipped with custom underground drainage, new rain gutters, and a soft water system that provides purified water at every faucet, including an alkaline water option in the kitchen. The master suite features a large walk-in closet, while all bedrooms are carpeted for comfort. The hall bath is designed for efficiency with a dual sink vanity, and the master bath includes a soaker tub and shower with a bench. The Heritage Lake community offers a private lake with a walking path, catch-and-release fishing, and non-motorized boating options. Residents can enjoy an Olympic-size pool overlooking the lake, a splash park, and playground facilities. Additional amenities include pet-friendly walking paths throughout the neighborhood, making it an ideal location for families seeking a comfortable, move-in-ready home with extensive amenities. Heritage Park, located just a three-minute walk away, offers well-lit facilities for evening use. The park includes vibrant basketball, pickleball, and tennis courts, along with two large covered patios suitable for barbecues, picnics, and gatherings.
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.
