OPEN HOUSE Monday June 1, 1:30-3:30!! Welcome home to this meticulously maintained gem backing up to a serene green space - where privacy, beauty, and thoughtful upgrades come together in perfect harmony. From the moment you arrive, the exceptional landscaping sets the tone, showcasing the pride of ownership that carries through every corner of this property. A level paved walkway guides you effortlessly from the front of the home to the backyard oasis you'll never want to leave - where an oversized patio sets the stage for outdoor living at its finest. With not one, but two switch-controlled fountains, a fully equipped built-in outdoor kitchen, and the tranquility of your green space backdrop, this backyard is truly one of a kind. Whether you're hosting a crowd or enjoying a quiet evening under the stars, this space delivers. And with permanent exterior lighting already installed, the home shines year-round without the seasonal hassle. Inside, you'll immediately notice the plantation shutters throughout, lending a timeless, polished look to every room - and with no carpet anywhere in the home, every space feels clean, elegant, and easy to maintain. The living area is anchored by a stunning fireplace with a beautiful stacked stone finish - the perfect focal point for gathering. The built-in surround sound and stereo system conveys with the home, along with the living room TV, so you can move in and start living from day one. The kitchen is equally impressive, featuring a double oven perfect for entertaining, along with a reverse osmosis water system for fresh, clean water right at your fingertips. This home offers 3 bedrooms, 3 full bathrooms, and a dedicated office - a combination that is truly rare in this community and one that provides the flexibility and functionality today's buyers are searching for. The garage rounds out this home's impressive list of features with a built-in workbench and mounted storage shelves - a functional, organized space that's as well thought-out as the rest of the property. This is a home that has been loved - and it shows in every detail. Don't miss your opportunity to make it yours.
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.
