This exceptional residence has been enhanced with premium finishes, custom craftsmanship, advanced technology, & significant mechanical improvements throughout. The versatile floor plan features a desirable 1st floor bedroom with en-suite bath, perfect for guests or multi-generational living. The chef's kitchen is appointed with high-end stainless appliances, dual pantries and opens seamlessly to the dining/living areas. The living room showcases custom built-ins, detailed millwork, surround sound, & a gas fireplace with blower, creating an inviting space for everyday living and entertaining. The luxurious primary suite offers a custom walk-in closet system & a completely renovated spa-inspired bath featuring dual vanities, freestanding tub & an impressive multi-function shower system. A spacious 3rd bedroom includes a W-I closet and private en-suite bath. The 4th level is an entertainer's dream, featuring a large bonus room with dry bar, acoustic paneling & surround sound. An additional bedroom/office offers custom built-ins, and a solid mahogany door with enhanced sound reduction. The updated 4th-floor bath includes custom cabinetry and a unique hidden door feature. Step outside to the covered terrace complete with ceiling fans, a pass-through fireplace & wiring for a future privacy screen. Additional upgrades include new carpet with memory foam cushion (2022), epoxy-coated garage floor, smart lock w/video doorbell, Google Home integration, multiple smart lighting controls w/programmable travel mode, whole-house dehumidification system installed in 2025, UV air purification system added in 2024, updated HVAC systems, and newer W/D (2022). Enjoy a true lock-and-leave lifestyle with HOA-maintained landscaping, snow removal, clubhouse, fitness center, pool, walking trails, scenic pond & an active social calendar featuring concerts, movie nights, holiday events & wine tastings. Conveniently located within walking distance of Whole Foods, Trader Joe's, Foxtail Coffee, Ford's Garage, REI, Golf Galaxy, and more.
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.
