Welcome to your own castle retreat south of I-10 in a peaceful edge of town. This impressive 3,457 square-foot home offers the perfect blend of space, character and comfort all nestled in a quiet, established neighborhood where you can truly unwind. As you pull in to the driveway you'll immediately notice the beautiful paver stones and paver stone planters adding charm and curb appeal. Walking in you are welcomed by a warm versatile area to use as a perfect spot as either a dining room, to greet guests or create a cozy reading nook. The possibilities are endless. The home carries an elegance, giving it a grand yet inviting feel from the moment you enter. First on your right the office makes a statement of its own with stunning custom solid wood arched-style doors that add character. and sophistication and is a great space whether you work from home, homeschool or just need quiet. This room offers privacy and charm you won't find just anywhere. The heart of the home is the open-concept kitchen and living room designed for connection and entertaining. The spacious kitchen features a large island perfect for morning coffee or gathering with friends and family. From the kitchen, you can overlook the living area making it easy to stay part of every conversation. Imagine cozy evenings by the fireplace, holiday gatherings and everyday moments. One of the true highlights is the beautiful oversized Florida room filled with natural light coming through the sliding glass/screened windows that catch all the sun and daily breezes. It also boasts an easy to maintain epoxy floor. Out back you will find even more to love: a large storage shed with electric running to it and two lofts for extra space to store tools or seasonal decor keeping everything organized and out of sight. There's also a private small basketball court area perfect for friendly games or just practicing shots. Create fun memories in your own backyard whether it's playing after school or just enjoying the outdoors. Come experience it for yourself and imagine the life you could build here.
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.
