This stunning former Highland Homes model is perfectly positioned on a corner lot in the prestigious lake and golf community of The Tribute. Just a short walk from Prestwick Elementary and Lowell Strike Middle School, this home offers a blend of luxury, convenience, and lifestyle. Designed to impress, this former model is brimming with high-end upgrades. The third-car garage is complemented by epoxy flooring, while the expansive game room easily accommodates a pool table, card table, and bar—a true entertainer's dream! The media room features surround sound, and the private office is complete with a cozy gas fireplace. Step outside to your personal oasis: an exquisite Italian white marble pool and spa adorned with a Versace-inspired design. Surrounded by lush, mature landscaping, this outdoor retreat invites relaxation and indulgence. Inside, every detail has been carefully curated. Custom built-ins, plantation shutters, and elegant wood detailing create a sophisticated yet welcoming atmosphere. The kitchen features a commercial-grade stainless steel cooktop, double ovens, custom cabinetry, natural stone countertops, and herringbone backsplash details. A sun-drenched breakfast nook seamlessly connects the indoors to the serene outdoor living spaces. The main-level primary suite is a private sanctuary, with large windows offering tranquil views of the pool. The spa-like ensuite bath includes a jetted tub and a walk-in closet with custom storage. Outside your door, The Tribute community elevates everyday living. Enjoy resort-style pools, a splash park, playgrounds, dog parks, fishing ponds, a kayak launch, and neighborhood events. Golf enthusiasts will appreciate the two award-winning courses, complete with bars and restaurants. Plus, a planned marina promises beach volleyball courts and a waterfront event space, enhancing the vibrant, active lifestyle this community is known for.
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.
