Step into a home where comfort, style, and effortless entertaining come together beautifully. This thoughtfully designed residence offers the perfect balance of open-concept gathering spaces and peaceful private retreats, all enhanced with distinctive, upscale finishes and thoughtful upgrades throughout. At the heart of the home, a centrally located great room showcases stunning ceiling beams and a stacked stone electric fireplace, creating a warm and inviting focal point. The impressive 12' x 8' three-panel stacking patio doors open wide to create seamless indoor-outdoor living-perfect for hosting gatherings or enjoying quiet evenings at home. The oversized back porch is a true extension of the living space, featuring rich pine detailing, a cozy outdoor fireplace, and an added ceiling fan to keep air circulating year-round. The backyard has been thoughtfully upgraded with pet-friendly turf, a dedicated rock area for low-maintenance landscaping, a putting green, and a relaxing hot tub-creating a private retreat designed for both fun and functionality. Inside, everyday living is just as exceptional. The spacious kitchen includes a large walk-in pantry and an updated sink faucet for a fresh, modern touch. New light fixtures and cabinet hardware have been installed throughout the home, along with updated outdoor light sconces and a front door that adds contemporary curb appeal. An expansive laundry room and smart storage solutions make organization effortless. The innovative layout also features a convenient Jack-and-Jill bathroom offering both privacy and functionality, along with four generous walk-in closets to meet all your storage needs. ADT security is already installed in the home and Google Nest Cameras are conveniently located on the front and back of the home for utmost security. This home isn't just beautifully designed-it's been thoughtfully enhanced and meticulously maintained to elevate your lifestyle from the moment you move in. This home is a MUST see so book your showing today!
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.
