Coveted ranch-style living on a private 1-acre lot - featuring a resort style backyard, Sport Court, and designer upgrades throughout. Welcome to this beautiful 3-bedroom, 3-bath home set on a generous 1-acre lot, featuring a spacious bonus room upstairs- perfect as a 4th bedroom, home theater, or craft and game room, complete with an additional closet for extra storage. The primary suite offers a true sense of retreat featuring french doors that open onto a private patio, enclosed by an 8-foot privacy fence. Relax and unwind in your own therapeutic spa/hot tub, or enjoy the spa-like en-suite bathroom with a dual-head shower designed for comfort and luxury. The laundry room conveniently connects directly to the primary closet, creating an effortless and functional daily routine. The heart of the home is the inviting living room, highlighted by a coffered ceiling and custom built-in bookcases that add both charm and architectural interest. The kitchen is beautifully appointed with stainless steel appliances, including a stunning farmhouse (apron-front) sink, offering both style and practicality for everyday living and entertaining. Step outside into your expansive, fenced backyard oasis, where professionally designed rock landscaping-including a custom dry river bed-blends beautifully with the natural surroundings to create a peaceful park-like setting. Whether you're playing on the Sport Court designed for pickleball or basketball, lounging in a hammock beneath the mature trees, or hosting gatherings under the covered patio, this outdoor space is truly exceptional. A backyard storage shed provides added convenience for tools and equipment. The home's curb appeal is equally impressive, with a large front yard and a picturesque side garden that adds charm and character. Beautiful landscaping surrounds the property, while the exterior is enhanced with classic water table brick for a timeless look. Additional upgrades include professionally designed custom closet systems in the primary closet, laundry room, secondary bedrooms, hall closets, and pantry - providing organization and elegance throughout. Located in a quiet neighborhood with sidewalks, it's perfect for evening strolls and a strong sense of community. A wide driveway, additional parking pad, and a three car garage provide ample space for vehicles and guests, making entertaining easy and convenient.
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.
