Welcome home ~ to this charming 3-bedroom 2-bath single-family retreat that perfectly blends country living with everyday convenience. Nestled on a spacious lot, this home offers peace, privacy, and room to breathe ~ while keeping you close to shopping, dining, and major amenities. Inside ~ you’ll find a warm and inviting living space ~ highlighted by a beautiful wood burning stone fireplace, a vaulted ceiling complemented by a lovely lighted ceiling fan, and expansive windows that create a sun-filled living room perfect for relaxing or entertaining. Spanish lace textured ceilings and walls, 6-panel doors, chair railing with molding in the dining room, and crown molding and baseboards throughout, add a refined touch. The kitchen is filled with solid wood cupboards, and the breakfast nook offers lovely views of the in-ground pool, making mornings a true delight. The 14’5 x 12’5 primary suite features a double vanity, a private tile clad bath/shower combo, and a large walk-in closet providing ample storage. Every room is thoughtfully designed for comfort and functionality, offering defined spaces for dining, relaxing, and everyday living. Step outside to your own private oasis. Enjoy sunny afternoons in the in-ground pool, host friends on the spacious deck, or simply unwind and take in the peaceful scenery of the expansive back yard. Combining charm, character, and the ideal location, this home offers the best of both worlds ~ and is ready to welcome you ~ home! Updates: New 6 ft wooden privacy fence and gates 2023; Exterior paint 2022; New pool pump and sand filter 2021; New pool liner 2021; Water Heater 2021; New Windows and front door 2018; LV Floor Lumber Liquidators 2018; HVAC 2014; To make your move even easier, the sellers are offering up to $15,000 in Seller Concessions and providing a home warranty for added peace of mind.
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.
