Looking for a gorgeous, custom ranch in Wildwood Lake Estates? Here you go...this 4-bedroom, 4-bath unbelievable home sits on it's own beautiful, tree-lined lot and offers a private back yard, with a large screened porch and separate patio with custom brick paving surrounding both. Step inside to a modern, well-styled, vaulted great room with beautiful flooring that boasts custom bookshelves, a see-through fireplace, abundant windows offering natural light and a private, tree-filled view. Move to the charming and well-appointed chef's kitchen with granite counter tops, beautiful custom cabinetry, ceramic tile floors, s/s appliances, a separate island, updated lighting, see-through fireplace, and a large dining area. Ready to enjoy your coffee or drinks outside? Step out from the kitchen/dining area onto your 3-season, screened-in porch, complete with ceiling fan and lighting, or just a few steps further--onto the large patio--and revel in the peace and solitude of a huge tree-lined backyard. Back inside, the primary suite easily fits a king-sized bedroom set, and the primary bath features a soaker tub, large walk-in shower and access to the walk-in closet. Three more bedrooms offer even more space for a growing family, guests, or an office, and a full bath is located conveniently, but quietly, near all three. The lower level is massive, finished with a large rec/family room, bar, a kitchen and dining area, and gives an additional guest room and full bath, along with loads of unfinished space to house anything and everything! The 3-car, over-sized garage features a custom workbench and plenty more room for bikes and every outside toy or yard item you can think of. Step back inside from the garage to find the laundry room with utility sink and "drop zone" area on one side, and an adorable bathroom plus bidet on the other. This entire home was created for "living and entertaining" both inside and out--with beautifully landscaped, private yards both front and back, and a firepit, patio and two porches. Radon Mitigation system and sump pump system are installed. Add in the gorgeous custom finishes throughout, immaculate condition, and prime location near schools, walking paths, woods and lakes, and you'll see why this home is definitely "move-in ready," and just waiting for it's next owners to love and make their own.
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.
