Stunning Harris Home that is meticulous inside and out. This exceptional home with 5 bedrooms, 3 bathrooms has a level of pride of ownership that is evident at every turn. Beautifully manicured landscaping leads to formal entry with Palido Nose tile flooring that flows into the formal living & dining rooms. Thoughtfully designed split floor plan, with primary suite & two secondary bedrooms on one wing of the home, while two additional bedrooms & bathroom are situated on the opposite side. Beautifully appointed kitchen designed for both everyday living. Rich maple cabinetry is complemented by Zodiac Villa Brown Quartz countertops & full backsplash. The kitchen is equipped with a double oven, 5-burner cooktop, and opens to dining area & family room. To add to the flow of the home is a generous storage throughout. New carpeting in all bedrooms adds comfort. Primary suite with vaulted ceilings, a large walk-in closet with built-ins, ensuite bath with dual sinks, a custom-tiled soaking tub, and an oversized custom-tiled shower. Refined laundry room featuring utility sink, cabinetry & broom closet with own power source-perfect for charging cleaning tools. Recent upgrades include HVAC system, tankless water heater, whole-house water filtration, hot water recirculating system, upgraded shutters and 12.25kW Tesla solar system with backup batteries, refrigerator, washer, dryer, and dishwasher. Park-like backyard designed for relaxation. Enjoy lush green grass, a full-length covered patio, & above-ground spa. Already pre-plumbed with water, sewer, and electrical for a future ADU or pool. The 3 car garage is ideal with automatic doors, custom key pad, new lighting flanking stalls, epoxy flooring, fully finished and painted, hose bibb, electrical outlets, & electric vehicle charger. Security is integrated throughout the property with a Vivint security system with cameras, three custom bronze security doors that allow for refreshing breezes to flow through while providing clear visibility from inside and privacy from the outside. For added protection there are 3 upgraded black iron gates creating multiple layers of security and enclosed outdoor spaces for piece of mind with children and pets. From the immaculate condition and thoughtful upgrades to the energy-efficient improvements, resort-like backyard and paved and gated RV access, this home exemplifies pride of ownership at its finest. Opportunities to own a home this pristine are exceptionally rare.
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.
