Experience living in this beautifully appointed 4bedroom, 3.5bath home featuring a 3car garage, private pool ideally located within the prestigious golf & resort community The Tribute. Recently updated with a new roof (2025), fresh interior paint, new carpet, and new engineered wood flooring upstairs, this home is meticulously maintained and move-in ready.The main level is designed to accommodate both everyday living & entertaining. A private office or flex room provides an ideal space for remote work, while the open-concept living area offers a welcoming environment for gatherings. Living room features soaring ceilings and a stone fireplace, seamlessly connecting to the gourmet kitchen equipped with stainless steel appliances, updated lighting, a breakfast area, and dual pantries.First floor primary suite serves as a serene retreat with dual vanities, a jetted tub, separate shower,&two walkin closets. Upstairs,new flooring extends throughout the second level, which includes a study or flex area, a dedicated media room,&game room. Three secondary bedrooms include one with a private hall bath and two that share a Jack-and-Jill bath, along with convenient access to the upstairs laundry room.The backyard offers a true outdoor sanctuary, complete with a sparkling pool, relaxing spa, expansive covered patio, and grassy space for pets or play. A large storage shed provides added convenience for pool and garden items.Residents of The Tribute enjoy an unmatched lifestyle with access to resort-style pools, splash pads, playgrounds, dog parks, tennis and pickleball courts, scenic trails, fishing ponds, and kayak launch points. Golf enthusiasts appreciate two award-winning 18-hole courses,each with its own clubhouse, dining options, and year-round events. With close proximity to Prestwick STEM Academy, Strike Middle School, and premier shopping and dining, this home blends luxury, convenience, and an exceptional community experience.
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.
