***LOCATED IN DESIRABLE PINE BEACH! ***SOLAR PANELS!!!***IN GROUND POOL***BACKYARD SANCTUARY***FINISHED BASEMENT WITH HALF BATH*** Nestled in a serene setting, this exquisite Colonial-style residence offers a harmonious blend of elegance and comfort, perfect for those seeking a luxurious lifestyle. The 1st and 2nd level include approximately 3200 square feet and add that to the additional 1200 square feet in the finished basement and you've got a total of 4400 sq feet of living space. This home features 5 spacious bedrooms and 3.5 bathrooms, providing ample space for relaxation and entertainment. Step inside to discover a thoughtfully designed interior that exudes warmth and sophistication. The entryway welcomes you with crown moldings and recessed lighting, leading to a cozy dining area ideal for intimate gatherings. The heart of the home is the inviting living space, complete with a charming fireplace and vaulted ceilings that sets the perfect ambiance for sun filled days and cozy evenings. The well-appointed kitchen boasts high-end appliances, including a built-in range, wall oven, dishwasher, and refrigerator, making it a culinary enthusiast's dream. Your Laundry Room is on the main level along with an extra Flex Room for gym equipment, office or playroom. Retreat to the luxurious primary suite, featuring 2 walk-in closets and a spa-like bathroom equipped with a soaking tub, offering a tranquil escape after a long day. Gorgeous hard wood floors throughout the home are in amazing condition. Head down to the fully finished basement, with an outside entrance, which provides versatile space that can be tailored to your needs-be it a home theater, gym, or pool table area! The basement also features the half bath which adds comfort for family and guests. New carpeting in the basement is a bonus as well!! Outside, the allure continues with a beautifully landscaped yard that spans 0.36 acres, complete with an in-ground personal pool, perfect for summer relaxation and entertaining. The expansive deck invites you to enjoy al fresco dining or simply bask in the sun, while exterior lighting enhances the charm of the property during evening gatherings. Convenience is paramount with an attached front-entry garage that accommodates two vehicles, along with additional driveway parking. There is also a separate side yard that is completely fenced in for your furry friends! This home is not just a residence; it's a lifestyle, offering a perfect blend of luxury and comfort in a desirable location. Experience the joy of living in a home that combines high-end features with a warm, inviting atmosphere. This property is a true sanctuary, ready to welcome you home. ***The owners plan on paying the solar panels off at closing giving the buyers an incredible investment as you will reap the rewards of the SRECS as well!
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.
