A perfect blend of resort-style living and multigenerational functionality combined into a luxurious home in the highly sought after Mill Creek school district. From the moment you step inside, you’re greeted by a dramatic two-story foyer bathed in natural light, setting the tone for the thoughtfully designed interior. The freshly painted living spaces include a formal dining room perfectly suited for large gatherings, as well as a versatile formal living room ideal for a library, music room, or home office. The heart of the home is the stunning two-story fireside great room, seamlessly open to a spacious kitchen featuring a large island, abundant cabinetry, stone countertops, and a separate breakfast area. Just beyond, a cozy fireside keeping room invites relaxed living and connection. A guest suite with a full bath and large walk-in closet on the main level, along with an additional half bath, offers convenience and flexibility. Upstairs, the impressive primary suite is a true retreat, complete with a fireside sitting room, beautiful trey ceiling, hardwood flooring, and a luxurious en suite bath featuring an extended double vanity, jetted tub, separate tiled shower, and an expansive walk-in closet. Three additional oversized bedrooms up each include large closets. One secondary bedroom features a private en suite while the other two bedrooms share a spacious jack-n-jill bath. The fully finished terrace level is perfectly suited for multi-generational living or extended stays, offering a full kitchen, bedroom, bathroom, two flexible rooms for your needs, and ample storage space. Step outside to your own private oasis! The expansive deck with newly installed Trex decking overlooks a beautifully landscaped backyard centered around a heated gunite saltwater pool. Enjoy the tanning ledge, relaxing spa with spillover, and generous poolside decking - ideal for entertaining or unwinding in complete privacy. This home combines elegance, space, and resort-style living seamlessly while be close to shopping, dining, schools, and major roadways.
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.
