From the moment you step inside, this home feels welcoming, filled with character, thoughtful updates, and charming design touches throughout. This beautifully maintained home in the highly desired River Park subdivision offers the perfect blend of comfort and style. The heart of the home is the vaulted family room, where soaring ceilings and a striking shiplap accent wall create a warm and inviting gathering space. The open floor plan flows seamlessly into the dining room and updated kitchen, making everyday living and entertaining effortless. Featuring stainless steel appliances, stone countertops, ample cabinetry, and views to the main living area, the kitchen is as functional as it is beautiful. Updated light fixtures throughout the home add a fresh, designer-inspired touch. The primary suite on the main level serves as a relaxing retreat, highlighted by a beautiful brick accent wall that adds warmth and character. The ensuite bathroom features gorgeous cabinetry, generous storage, and a large walk-in closet designed to keep everything organized and within reach. All the details of this home will impress you. A stylish half bath on the main level showcases unique grasscloth-inspired accents and box trim detailing, creating a space full of personality and charm. Upstairs, a spacious secondary bedroom, full bathroom, and versatile loft with a gorgeous accent wall provides flexibility for a home office, media room, or hobby space. Major updates, including a new roof and new HVAC system, offer peace of mind for years to come. Plus, luxury vinyl flooring throughout the entire home- no carpet. Step outside to your own private backyard retreat. The fenced yard, covered patio, and outdoor fireplace create the perfect setting for morning coffee, weekend gatherings, or relaxing evenings under the stars. There is also an additional covered patio on the front of the home off the kitchen. Located in the highly desirable River Park community, residents enjoy access to a pool, tennis courts, playground, clubhouse, walking trails, and convenient proximity to shopping, dining, the interstate, and everyday amenities. Plus the HOA includes front yard maintence, water, and trashWith its blend of charm, comfort, and modern updates, this property is one you won't want to miss.
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.
