Nestled in one of Acton's most desirable neighborhoods, this stunning single-story ranch-style home boasts 4 bd.+ 2 ba. and sits on a spacious corner lot with 1.13 usable acres, complete with custom features and upgrades both inside and out. With a fresh coat of exterior paint, mature trees and landscaping, an oversized paved driveway, a 2 1/2-car garage with upgraded doors, RV access, a concrete walkway to the front porch, and an incredible view of the valley, this home truly defines elegance. Inside, the open floor plan features beautiful custom wood-look tile flooring and neutral-colored carpet. The great room is a true masterpiece, with stunning views of the valley and surrounding mountains. The dining room is perfect for entertaining guests, with a gas fireplace. The kitchen boasts upgrades such as luxurious granite countertops and backsplash, stainless steel appliances, including a refrigerator, ample cabinet space, and a custom-built walk-in pantry that any chef would love. The laundry room is conveniently located indoors between the kitchen and the garage. Four generously sized bedrooms await you in the hallway, and the guest bathroom features a tub/shower enclosure with a custom tile backsplash. The primary bedroom offers a spacious walk-in closet with custom-built organizers and cabinetry. The recently remodeled primary bathroom boasts dual sinks, custom Quartz countertops, tile backsplash, tile flooring, and a large walk-in shower with a custom tile backsplash. Step outside to admire the custom-built patio cover, artificial turf lawn, a sparkling, clean in-ground pool, a cascading spa, and a built-in fire pit. Beyond the wrought-iron gate lies a custom-built shed/craft room with utilities. Bring your green thumb and enjoy the fully fenced garden area with custom-built raised garden beds. Got chickens or have been thinking of raising your own? We've got you covered with a custom-built chicken coop and run. Other cool features in the backyard include mature fruit trees, 2 10X10 storage sheds, an RV cover with utilities and a dump station, a 20X40 shade cover, full fencing around the perimeter, and easement access to the back of the property. With freeway access for commuters and nearby amenities, this home is a true must-see!
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.
