THIS IS IT! This fully finished, sweet Saratoga Springs home is what you are looking for, and it is $15k under similar comps. At 2712 sqft, it is one of the largest floor plans in the community. The home features 4 bedrooms and 3.5 bathrooms, two family rooms, one of which also serves as the theatre room with a projector included. Upstairs, you have three bedrooms, two full bathrooms, and a laundry room. The Primary Suite features a large walk-in closet, as well as a separate tub and shower. The main level provides a spacious kitchen, pantry, dining area, family room, and half-bath. In the basement, you have a bedroom, a full bath, and a family/theatre room. Each room in the home has at least one Ethernet port, and some rooms have two ports. The security system is included and it's through Ring, no contract or subscription is required unless the buyers choose to. The doorbell is included and it's through Blink, and again, no contract or subscription is required unless the buyers choose. The small backyard is fully fenced, which is great for children and pets, and mowing takes just three minutes. Nestled in the heart of Saratoga Springs, this home is walking distance to the huge Fox Hollow Park and Sage Hill Elementary, and a three-minute drive to the Talons Cove golf course. Saratoga Springs offers plenty of shopping and dining opportunities and easy access to Pioneer Crossing. Don't miss it, call your Professional Realtor today. BECAUSE OF WORK SCHEDULES, PRIOR DAY NOTICE IS REQUIRED Monday-Friday, a few hours is appreciated on weekends.
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.
