This Amazing 4 Bedrooms 2 Bath Home is located in the Very Desirable South Chase Subdivision. This beautifully Upgraded Single Story Home is Located on One of the Largest Lots in South Chase. Enjoy the Perfect Blend of Space, Comfort and Style. Feel the Volume that Vaulted Ceilings Provide in the Common Areas, All Interior Floors are Covered with Designer Porcelain Tile. Kitchen Has Been Upgraded with Full Wood Cabinetry, Topped with Granite Countertops, Cabinets also Boast a Large Crown, Stainless Steel Towel Bar Hardware. Designer Backsplash Adds a Beautiful Touch. Kitchen Comes Equipped with Stainless Steel Appliances. Both Bathrooms have Been Upgraded with Wall-to-Wall Designer Porcelain Tile with Listello, Full Wood Cabinets Topped with Granite Countertops, Providing an Air of Luxury and Beauty. This Home Comes with a Fresh Painted Exterior. This Extremely Efficient Floorplan Flows so Well That is Feels Larger Than Its Actual Size. This Home is Ideal for Entertaining or Relaxing. With a Pergola in the Back Yard That Sits on Top of Pavers Gives a Perfect Place to Hang Out and Relax with Family and Friends. The Back Yard is Fully Fenced for Pravacy and Offers Abundant Space for Planting, Pets or Even the Perfect Place to Play. This Location Offers Quick Access to Major Highways, Shopping, Theme Parks and Airport, Making Commutes and Weekend Getaways a Breeze. This Amazing Home also Includes a 2 Car Garage, Beautiful Landscaping, Custom Blinds, and Fans. This Move-In Ready Home Will Satisfy Every Member of the Family with Modern Upgrades and Amazing Features.
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.
