Welcome home to this a stunning home offering an exceptional blend of modern design and spacious living. Boasting a highly functional, wide-open layout, the home greets you with a bright foyer that leads directly into a massive living room. Complete with beautiful tile flooring, a cozy brick-faced fireplace, and a stylish multi-blade ceiling fan, it serves as the perfect central hub for entertaining. Just off the entry, a dedicated office/5th bedroom provides an ideal quiet space for remote work or studying. The massive kitchen is a chef's dream, featuring expansive granite countertops, an oversized breakfast bar island, premium stainless steel appliances, rich wood cabinetry, a decorative tiled backsplash, and a large walk-in pantry. The kitchen flows effortlessly into a spacious dining area, ensuring you never miss a moment with family or guests. Retreat to the luxurious primary suite, offering a soaring vaulted ceiling, plush carpeting, a large walk-in closet, and a spa-like en suite bathroom equipped with an oversized soaking tub and a separate walk-in shower. The highly desired split-bedroom floor plan ensures ultimate privacy, placing three additional generously sized bedrooms and two full secondary bathrooms on the opposite side of the home. Step outside to discover your private backyard oasis. An expansive concrete patio is covered by a premium custom pergola, complete with cafe lighting, mounted cooling fans, and a privacy accent wall, creating the ultimate setup for weekend barbecues, outdoor dining, and relaxation. Enjoy the peace of a quiet neighborhood while staying just minutes away from local parks, shopping, dining, and major regional attractions. Schedule your tour today and experience everything this exceptional home has to offer!
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.
