Rarely do you find a home that offers this much flexibility at this price point. Welcome to 4159 Elm Trace Drive, a beautifully maintained home designed to adapt to the way you live. From the dedicated flex room on the main level to the partially finished daylight basement and private backyard basketball court, every space offers endless possibilities. The main level features an open concept layout ideal for both everyday living and entertaining. A versatile flex room currently used as a bedroom can easily serve as a home office, playroom, guest suite, or study. The spacious family room flows seamlessly into the kitchen, creating a natural gathering place for family and friends. Upstairs, the oversized owner's suite provides a true retreat, complete with a custom closet organization system and plenty of room to unwind. Three additional spacious bedrooms offer comfortable accommodations for family and guests. The partially finished daylight basement is where this home truly shines. Multiple finished flex spaces provide endless possibilities for a media room, home gym, recreation area, teen suite, guest quarters, home office, or hobby space. Combined with the main level flex room, the current owners have configured the home to function with 7 sleeping areas, showcasing the remarkable versatility of this floor plan. Built-in speaker wiring creates the perfect setting for movie nights, game days, and entertaining. Step outside to enjoy your private backyard featuring a basketball court, patio space, and room to relax, play, and create lasting memories. Whether it's shooting hoops with friends, hosting a cookout, or simply enjoying a quiet evening outdoors, this backyard was designed to be enjoyed. Additional features include exterior security cameras, abundant storage, a two-car garage, and access to neighborhood amenities. Located in the sought-after Rosebud Elementary district, this home combines space, flexibility, and convenience in one exceptional package. If you have been searching for a home that gives everyone room to spread out without sacrificing comfort or functionality, your search ends 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.
