SERENE LIVING at its finest in this STUNNING MULTILEVEL CRAFTSMAN-STYLE home! This beautiful 4BED/4.5BATH HOME offers exceptional craftsmanship, THOUGHTFUL DESIGN AND LUXURIOUS UPDATES throughout. As you step through the double door entry, the home immediately REVEALS its STANDOUT FEATURE: an AMAZING VIEW straight through the family room to the SCREENED IN DECK, dubbed the "TREE HOUSE" complete with VAULTED CEILING. EXPANSIVE WINDOWS SHOWCASE the BEAUTIFULLY LANDSCAPED backyard - PERFECT spot for morning coffee, evening unwinding or entertaining guests. From the front of the home, LOVELY LAKE VIEWS offer more SCENIC beauty, and LAKE ACCESS IS PERMITTED, providing a bonus for outdoor enjoyment, FISHING, KAYAKING or peaceful waterfront strolls to enjoy GLORIOUS SUNSETS. Outdoor living continues with multiple outdoor spaces designed for year-round enjoyment. An open deck off the kitchen boasts newer TREX weatherproof flooring, offering LOW MAINTENANCE LUXURY. On the lower level, a SECOND COVERED PATIO accessible from the fully finished basement, provides yet another QUIET RETREAT overlooking the serene backyard. This home also boasts a main floor office or craft room, perfect for work, creativity, or flexible lifestyle needs.COFFERED CEILING, BUILT IN SHELVING and storage surround the MASSIVE fireplace - with HARDWOOD flooring completing the comfortable family room. The home's MULTILEVEL LAYOUT provides comfort and flexibility, with GENEROUSLY SIZED BEDROOMS, with ensuite and "Jack and Jill" bathrooms, plus a convenient main floor 1/2 bath, with inviting spaces on every floor. From everyday living to hosting gatherings, this home blends elegance, function, and relaxed charm in every detail. Whether you seek QUIET RETREAT or SPACE TO GATHER, this home delivers it all with CRAFTSMANSHIP and CHARM.
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.
