Grand presence, effortless luxury, and true move in readiness come together in this 5 bedroom, 5.5 bathroom all brick traditional with European stucco accents and over 4,900 square feet of meticulously finished living space. Thoughtfully built in 2018, this home feels better than new, with pristine landscaping, finished terrace level with stone wall accents, and a stately front entrance that sets the tone the moment you arrive. Step inside the bright, open floorplan and take in the soaring 2 story foyer and 2 story living room with dramatic coffered ceilings, detailed moldings, column accents, and a cozy gas log fireplace. The front room is ideal as a private office or library, while the large formal dining room with trey ceiling and wainscoting is made for memorable dinner parties. Hardwood floors flow through the main living areas, leading to an open eat in kitchen with an abundance of cabinetry, a large center island, walk in pantry, granite countertops, stainless steel appliances including gas cooktop; plus the refrigerator and washer/dryer remain with the home. A generous main level guest suite with full bath can easily function as a primary-on-main if desired. Upstairs, retreat to an oversized primary suite featuring a fireplace, trey ceiling, and private sitting room. The spa inspired bathroom offers a large walk in shower, deep soaking tub, and incredible custom closets designed to impress the most discerning buyer. Three separate HVAC systems (one for each level), adjustable recessed lighting, and a security system add comfort and peace of mind, while the included 1 year home warranty is a rare bonus at this level. The full finished terrace level is an entertainer’s dream: expansive gaming area with pool table and seating, a built in wet bar with refrigerator and wine cooler, and a tiered multimedia room that will be the envy of your friends and family. Two large unfinished storage rooms ensure everything has its place. Outside, enjoy an expanded patio, gazebo seating area, and a private 6 person hot tub overlooking a large lot with nothing but trees in back—a serene, resort style backdrop for everyday living. A 3 car garage offers abundant storage, and the swim/tennis neighborhood with low HOA fees completes the lifestyle picture. Sellers are relocating out of the country and are open to conveying select furnishings, including gas grill, TVs, and pool table, making your move into this luxurious home even easier. Homes of this caliber rarely come on market—especially this well maintained and this thoughtfully upgraded. Schedule your private showing today and experience the luxury, comfort, and entertainment value this home delivers at every level.
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.
