Welcome To This Beautifully Upgraded Home Offering A Perfect Blend Of Comfort, Style, And Functionality. From The Moment You Enter, You’ll Appreciate The Thoughtful Upgrades, Spacious Layout, And Inviting Atmosphere Throughout. The Main Living Areas Feature Elegant Tile Flooring Laid On The Diagonal, Complemented By Bamboo Flooring In The Downstairs Office Or Optional Fifth Bedroom, Living Room, And Dining Room. Fresh New Carpet Extends Up The Stairs And Throughout The Upstairs Bedrooms, While Neutral Paint, Recessed Lighting, And Ceiling Fans Create A Light And Airy Feel Throughout The Home. At The Heart Of The Home Is The Completely Renovated Kitchen, Designed With Both Style and Practicality In Mind. It Features Quartz Countertops, A Custom Subway Tile Backsplash, A Convenient Pot Filler Above The Five-burner Gas Range And Oven Combo, A Separate Built-in Microwave, And Stainless Steel Appliances Including A Samsung Refrigerator With Water Line. Additional Highlights Include Soft-close Cabinetry And Drawers, A Deep Farmhouse Sink, And A Spacious Walk-in pantry. The Open Concept Great Room Is Ideal For Both Everyday Living And Entertaining, Complete With Surround Sound, A Cozy Gas Fireplace, Ceiling Fan With Light Kit, And A Built-in Media Niche. A Highly Desirable Downstairs Bedroom And Full Bathroom Provide Flexibility For Guests, Multigenerational Living, Or A Private Office Space. Upstairs, You’ll Find Generously Sized Bedrooms With New Carpet And Continued Attention To Detail Throughout. Step Outside To Your Private Backyard Retreat Featuring An In-ground Pebble Tec Pool And Spa With A Baja-style Ledge For Lounging, A Recently Refurbished Slide, And A Safety Fence. Enjoy Outdoor Living Under The Alumawood Patio Cover With Both Solid And Slatted Sections For Year-Round Comfort. The Backyard Also Features Stamped Concrete, Vinyl Fencing, Wrought Iron, And Block Wall Fencing, Along With Beautiful Open Views. Additional Features Include A Full Three-car Garage And 9-foot Ceilings Throughout, Enhancing The Home’s Spacious Feel. This Home Truly Has It All—Upgrades, Finishes, Flexible Living Spaces, And A Resort-style Backyard Designed For Entertaining And Relaxation.
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.
