For the professional who values peace and the host who loves a full house; this 4-bed, 2.5-bath home delivers the best of both worlds! The classic rocking-chair front porch welcomes you inside, leading into an impressive two-story foyer and formal dining room with coffered ceilings, perfect for holidays and entertaining. The expansive, open-concept kitchen and living area spans the entire back of the home, bringing in an abundance of natural light. Enjoy a chef-inspired kitchen with granite counter tops, tile backsplash, SS appliances with a gas range, an island, a massive walk-in pantry, and a versatile butler-style serving nook, perfect for coffee and cocktails. Coming in from the 3-car garage, a built-in drop zone and nearby half bath add everyday convenience. All bedrooms are thoughtfully placed upstairs, creating a true separation between entertaining and everyday living. This layout keeps the day-to-day clutter out of sight, giving a main level that stays guest-ready and perfect for hosting at a moment's notice. The master is a true suite with his-and-hers walk-in closets, dual vanities, a standing shower, and luxurious soaking tub. The laundry room provides convenience, while the additional bedrooms are spacious and complete with generous closet space. Step out to a peaceful screened-in porch overlooking the large fenced backyard; ideal for relaxing, grilling and gatherings. Additional features include engineered hardwood flooring, carpet only in bedrooms, gas log fireplace, built-in storage in garage, living room prewired for surround sound, and low HOA dues. 316 Copper Creek Drive isn't just a home, it's the lifestyle you've been waiting for. Schedule your private showing today!
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.
