Welcome home to this Fox Creek gem built in 2021-where style meets comfort! This fantastic home has an open floor plan with 9-foot ceilings, 2x6 construction and LED puck lights to reduce heat loss in the attic. The laundry room is conveniently located on the main floor and includes a drop zone for coat and shoe storage. The kitchen is a total standout with white cabinets, quartz counters, stainless appliances, and an eat-in area that flows right into the cozy family room. The large primary suite includes two huge walk-in closets and a gorgeous bath featuring a tiled shower and built-in shelves. The partially finished basement adds even more living space with an extra family room, a bedroom, and a bathroom rough-in, plus tons of storage. The 4-car garage (tandem on the right side) gives you plenty of room for cars, toys, or that golf cart you've been dreaming about. Good news, this home comes with solar panels and Tesla storage batteries that transfer easily to the new owner helping keep energy costs low and your home running efficiently. This also provides a homeowner peace of mind when they get reliable back up power during a power outage. Outside, enjoy a deck overlooking a spacious backyard-ideal for BBQs, relaxing, or hanging with friends. Close to The Den clubhouse and golf course (no HOA fees), this one checks all the boxes for modern, low-maintenance living in a great 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.
