ASSUMABLE AT 3% !!!! ASSUMABLE AT 3%!!! ASSUMABLE AT 3%!!!! Come and see this spectacular home in Glenshire Estates at a rate you will NEVER see again! The incredible 4 bedroom 4 full bath beauty has absolutely everything you could desire in a luxury home and is ready for your buyer right now! Enter into the grand foyer and gaze at the space! This like new home has been loved by the sea;ers and the pride of ownership is on display! From the Foyer you will see the formal living room to your right and a perfect office/den in front! If you work from home, the office provides perfect privacy with its own bath and door to close out all distractions. Continue on to the luxurious dinning room with space for an extensive table and chairs along with any china cabinet you may desire. Let us now move on to the gourmet kitchen with stainless steel appliances and plenty of cabinet space for the chef in you! Now let us take a moment to gaze into the family room large enough to host any and all family gatherings! The centerpiece is the gas fireplace and do not forget the spectacular LVP flooring! Let us move on upstairs where you will find one of the most incredible primary bedrooms in the area! This beauty features its own private sitting area along with enough space for a 1 bedroom apartment! Large enough for all of your bedroom furniture and its own spectacular private bathroom with a walk in closet! Three very large very generous bedrooms are also on the top level with an additional full bath and full laundry room! No carrying clothes up and down stairs as this level has everything you need! Lastly, let us head to the basement where you are instantly put in the mood to throw a party! This basement has it ALL! Theater room? Check! Game Room? Check! In Home Gym? Check! Plenty of space for your family and friends to get to gather? Check Check and CHECK! Let's head to your new two car garage with plenty of space for storage and walk around your spacious almost half acre and admire what we see! Your beautiful deck is ready for backyard barbecues with easy access through the slider back into your kitchen! Not only will you not see another home like this at this price you won't see this assumable rate of 3% again so do not wait! Set your appointment TODAY!
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.
