Welcome to this Stunning 5-Bedroom, 3 full bath home with modern upgrades and an outdoor oasis. This contemporary designed property was blends comfort, style and smart living. The moment you enter into the wide foyer you'll be greeted by luxurious LVP flooring and 9' high ceilings. You'll find this high-quality flooring throughout the main areas of the home while the bedrooms are carpeted for more of a cozy feel. The high ceilings and open floorplan of the home create a sense of grandness and luxury. Upon entering the home, you are greeted by a formal dining area that has trey ceilings and a lot of natural light and a multipurpose room that can be a 6th bedroom, an office or a family/TV room. At the center of the home is a spacious living room with tray ceilings. Directly off the living room is the kitchen which features a large central island and plenty of cabinets and counterspace with granite countertops. Kitchen upgrades include a stone backsplash, Bosch quiet dishwasher (2023) and an LG French door refrigerator. The laundry room is large and has room for additional storage and the washer and dryer convey with the home, large walk-in pantry with plenty of storage. The primary Suite is large and includes and has separate door that leads to the pool. The spa-like master bath has a granite topped double vanity, garden tub, walk-in shower and a spacious walk-in closet. There are four additional bedrooms that are spacious and two more bathrooms to meet the needs of a large family. To keep the family safe, the home is set-up for ADT and includes a separate Reolink closed circuit surveillance system which conveys and includes four stationary cameras and one 360° camera, upgradable hard drive that records up to six days of 24-hour footage. These cameras can be accessed with a smartphone from anywhere. The features outside include a 16x30 gunite in-ground pool with paver decking. This pool ranges from three to six feet deep and features a 12" deep suntanning area.
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.
