Welcome to 42443 Cascade Drive, a beautifully appointed Whitestone model by Pulte Homes located in the highly desirable Northridge community of Babcock Ranch. Offering 2,897 square feet of thoughtfully designed living space, this two-story home features four bedrooms, three and a half bathrooms, a front office, and a spacious upstairs loft that provides incredible flexibility for today’s lifestyle. Positioned on an extra-deep 160-foot lot with north rear exposure, the home captures peaceful lake views and stunning afternoon light across the water. The oversized 26-by-10-foot screened lanai overlooks a fully fenced backyard with vinyl aluminum fencing and ample room to design and build your dream pool while still preserving generous yard space. Inside, the layout truly sets this home apart. The primary suite is conveniently located on the first floor, offering privacy and ease of living for homeowners of all stages. The suite features a large walk-in closet, dual vanities, and a walk-in shower. Downstairs also includes a powder bath for guests and a bright, open-concept living area that flows seamlessly into the kitchen. The kitchen is designed for both everyday comfort and entertaining, complete with granite countertops, a spacious center island, stainless steel appliances, and a gas cooktop. Upstairs, the home opens into an expansive loft that the current homeowner loves for its versatility. Whether used as a media room, playroom, home office, or second living space, it creates a natural separation between the main living areas and the three additional bedrooms and two full bathrooms. Northridge is known for its quiet streets, strong sense of community, and exceptional location within Babcock Ranch. Residents appreciate the easy commuter access to State Road 31 while still being just a short golf cart ride from Founder's Square, dining, shopping, and community events in America’s first solar-powered town. With its ideal floor plan, deep lakefront lot, and sought-after location, this home offers the perfect balance of space, flexibility, and everyday convenience. Whether you are a growing family, hosting visiting grandchildren, or simply looking for a layout that grows with you, this property delivers.
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.
