3.25% FHA assumable rate to qualified buyers. 3.25% interest rate. After 126 days temporarily off the market for updates, we are back. Please check the history. So much has been done. Come see for yourself. This home invites you to take a second look. Nestled in a serene neighborhood where people rarely move once they have found this Shangri-La, this stunning 4-bedroom, 2-bathroom residence offers 2,189 sq ft of thoughtfully designed living space with a floor plan that makes sense. New updates in the large open kitchen include countertops, professionally painted cabinets, recessed lighting, 7mm LVP wood flooring, trim, paint, sink, and faucet. Guest bath updates include a new cabinet, vanity, vanity top, faucet, 7mm LVP wood flooring, trim, and paint. Dining room updates include fresh paint, new lighting, curtain rods, and sheers. Most walls throughout the home have been freshly painted. As you step through the front door, you are immediately greeted by a private, open-concept living area highlighting the impeccable design. Picture yourself lounging in this inviting space centered around a spacious family room with a heartwarming fireplace. The seamless flow into the kitchen, dining, and living areas makes entertaining effortless and enjoyable. Retreat to the primary suite, an updated and peaceful sanctuary that invites you to unwind. The spa-like ensuite bath offers a private escape to relax and rejuvenate. Each additional bedroom provides comfort and versatility for family, guests, or a home office with 8 camera security. Step outside to the beautifully landscaped backyard, your private oasis. Envision hosting summer barbecues or simply enjoying a quiet morning in your calming pool. This is more than just a house with a pool and a grand backyard over half an acre; it is a lifestyle waiting to be embraced. Schedule your private showing today and start your next chapter in this perfect sanctuary. Call now. This is more than a house; it is a home with a soul.
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.
