Don't miss this one, offering 3135 Sq Ft! An Entertainers Delight in the most desirable Seven Hills Community! Step into this beautifully designed open concept living home, where modern comfort meets timeless style. Every room is full of character from the welcoming foyer to the spectacular sunroom. The spacious living area features updated tile fireplace with decorative mantel. The kitchen seamlessly connects to the main living space and offers dark wood cabinetry, stainless steel appliances, ample counter space, huge island and a functional layout for everyday living. Large windows throughout the home to bring in an abundance of natural light. A STANDOUT feature is the custom sunroom addition, adding warmth & charm and highlighted by a striking vaulted wood ceiling, stone fireplace and floor to ceiling windows. Adjacent to the family room is the playroom, could also be used as a craft room or for home school area... the options are endless. Full bath on main level with upgraded decorative tile floor and beautiful wood ceiling. Attached you will find a huge walk-in storage closet. Home office featuring custom built-in cabinetry with slow to close drawers and extensive shelving. Escape to the master retreat that features a huge room with a trey ceiling, lots of windows and walk-in closet with upgraded master bath, designer tile floor and shower and oversized dual sink vanities. Mater bedroom has a door that accesses one of the five bedrooms that is currently being used as a dream closet but would be perfect for a nursery or home office. The large bonus room welcomes you with french doors, lots of light and a designer accent wall. A charming nursery or kids room with custom built-in shelving. TONS OF UPGRADES! The owners have truly loved this home and constantly updated it. Hardwood style flooring throughout main level and master bedroom, upgraded light fixtures, custom built-ins, epoxy garage floors, stamped XL paver patio, premium interior paint, along with STUNNING sunsets and so much more!! Resort style amenities include waterpark with water slide, olympic- sized pool, outdoor heated lap pool, clubhouse, lighted tennis and pickleball courts, basketball courts, volleyball courts, scenic walking and biking trails, playgrounds, and dog park. Listing Agent is Seller's Mom.
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.
