Virtually Staged. OWN THIS SOLAR-POWERED, LIKE NEW BEAUTY WITH 100% FINANCING AVAILABLE! The seller is also offering a FHA ASSUMABLE LOAN AT JUST 4% interest rate! Nestled in the highly sought-after Stoneybrook Hills Gated Community, this spacious 5-bedroom, 2.5-bathroom home boasts nearly 3,000 sq. ft. of living space sitting in almost a QUARTER ACRE. As you step inside, you’re welcomed by a bright and open floor plan bathed in natural light, highlighted by modern ceramic tile flooring throughout the main areas. Just off the foyer, a flex space with a custom modern accent wall offers the perfect spot for a home office or study. The heart of this home is its gourmet kitchen, featuring taupe cabinets with crown molding, quartz countertops, sleek stainless steel appliances, and a large eat-in island that seamlessly connects to the dining and living areas—an entertainer’s dream! Step through the sliding glass doors into your backyard oasis, ideal for gatherings and outdoor relaxation. The luxurious first-floor Primary Suite is a true retreat, complete with brand-new carpet, a spacious walk-in closet, and a spa-like ensuite bathroom featuring dual vanities, ample storage, and a large walk-in shower. Upstairs, a versatile loft serves as a second living area, surrounded by four generously sized bedrooms, perfect for family or guests. As a resident of Stoneybrook Hills, enjoy an array of exclusive amenities, including a community pool, park, playground, tennis courts, and more—all within a secure, gated community. This home blends modern elegance with practicality, making it the perfect place for relaxation and entertainment. Don’t miss your chance to own this stunning property! Schedule your private tour today and make this dream home yours. Offering a lender credit towards closing costs or interest rate buy-down when client uses the preferred lender ACE Lending Group. ASK ME HOW?!
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.
