Welcome home to this spacious atrium ranch located in a highly sought-after area, offering over 3,200 sq. ft. of finished living space, including a beautifully finished walkout lower level. Situated on a spacious corner lot, this partial brick-front home with a newer front door showcases professional landscaping with mature plantings, landscape lighting, enclosed soffits and fascia, an aggregate driveway and walkway, and outstanding curb appeal. Featuring 4 bedrooms, 3 full baths, a private office/flex room, and a 3-car garage, this home is ideally located near grocery stores, shopping, restaurants, and offers quick access to Highway K and Highway 364 for an easy commute. The open floor plan is enhanced by an impressive atrium staircase and a dramatic wall of windows that fills both levels with natural light. A spacious foyer welcomes you into the vaulted great room with ceiling fan, which flows seamlessly into the kitchen. The kitchen features granite countertops, a tile backsplash, breakfast bar seating, a planning desk, and abundant cabinetry. A convenient main-floor laundry room with a window is located just off the kitchen and garage. The vaulted primary suite offers a walk-in closet and private en-suite bath, while the main-level bathrooms are appointed with tile flooring and granite-topped vanities. The finished walkout lower level seamlessly extends the living space and opens to the beautifully landscaped, level backyard, providing plenty of room for outdoor gatherings and recreation. Designed for both entertaining and everyday living, the lower level features a spacious family room, theater or recreation area, a cast-iron stove resting on a granite hearth with thermo-remote control, custom built-in bookshelves and storage cabinets, recessed lighting, and a kitchenette complete with sink, cabinetry, and refrigerator that will remain with the home. A fourth bedroom, full bath, and private office/flex room provide comfortable accommodations for guests, extended family, or potential in-law quarters. Additional highlights include a covered front porch, rear patio, and a 3-car garage equipped with two heaters. This move-in-ready home combines generous living space, quality features, and an unbeatable location.
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.
