Tucked away in one of the area's most desirable neighborhoods, this exceptional 4-bedroom, 3-bath residence offers 3,144 square feet of beautifully updated living space. Thoughtfully renovated since 2017, this home blends timeless character with high-end upgrades and modern comfort. Beautiful new flooring flows throughout, complemented by plantation shutters, designer lighting, LED accents, and recessed lighting. The versatile floor plan features multiple living areas, including a stunning vaulted great room with exposed beams, custom built-ins, and a fireplace, along with a separate den and an additional sunroom-ideal for entertaining, relaxing, or working from home. A custom cloffice (office in closet) and a newly designed mudroom add both style and everyday functionality. The updated kitchen offers custom cabinetry, abundant storage, generous workspace, and seamless flow into the main living and dining areas, creating a warm and inviting heart of the home. All three bathrooms have been completely remodeled with spa-inspired finishes, elegant tile work, and designer fixtures, providing luxurious spaces throughout. Extensive system improvements provide peace of mind, including a new roof, new HVAC system, new garage door, three new sliding glass doors, new porch skylights, and a tankless water heater with updated electrical components. Step outside to your own private oasis. The beautifully redesigned 40x20 pool features a new liner and full-width entry steps, surrounded by expansive stamped concrete upper and lower terraces-perfect for entertaining or quiet relaxation. Mature landscaping, a gated backyard, and a 12x8x8 storage shed with vinyl flooring complete this serene outdoor setting. Backyard borders Cooper Creek Park, offering a natural buffer and added privacy away from foot traffic. Meticulously maintained and truly move-in ready, this home offers the perfect blend of luxury, comfort, and privacy-an exceptional opportunity to own a private retreat!
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.
