Welcome to your private oasis in sought after Persimmon Creek Estates South. This 5 Bedroom and 3.1 bath upgraded home is gorgeous and in the summer you will want to live in the outdoor oasis in the back. Enter into the main floor with its upgraded hardwood floor and new paint into the great room with upgraded trim and perfectly placed built-in shelves underneath the stairs. The dining room's upgraded trim could easily transition into a home office or additional den. The kitchen boasts gorgeous granite countertops, stainless steel appliances, upgraded sink, touchless faucet, eating area and a keeping room nestled to the side with gorgeous built-in shelves underneath the countertops and a cozy gas fireplace. The master suite includes new carpet and new paint (since listing pictures), plantation shutters and bathroom with garden whirlpool tub, separate shower, separate his/her vanities, with walk-in closet. Upstairs includes 3 bedrooms with new flooring and a new double sink vanity. The terrace level adds additional living space perfect for a mother-in-law's suite or a teen hangout space, a 5th bedroom. 3rd full bath (granite counters and tile shower), an exercise room that could be converted into another bedroom or office (just needs flooring), and a plethora of additional storage. Additional square footage (approximately 800 feet) in basement can be finished and flooring matching existing basement hardwood is included to do so (not including garage area). Basement has boat door entrance as well that can be used for lawn equipment or converted into french doors if preference is to completely finish basement. The outside terrace level is your own private oasis with a pool and a cabana that shades the bench seat in the middle and a waterfall cascading from the beam across the cabana in to the pool. Interior of cabana stores pool equipment and lawn equipment with access by a garage door. Hot tub includes a 2nd waterfall into the pool that can heat the water if desired. Pool includes LED lighting for gorgeous night swims. A large partially covered deck provides a place to stay cool in the summer or the perfect game day porch in the fall. Underneath the deck is an equally large patio that could easily be framed in for a screened in porch. Landscaping includes fenced backyard and irrigation system. Canongate/Madras/Northgate school district. Conveniently located to interstate and airport
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.
