You won't want to miss this rare find and immaculate four bedroom newer built Colonial home featuring three full and one half baths with plenty to WOW about! This home is located at the end of a residential street with a playground, park, and school nearby. Plenty of restaurants, shopping and close to I-480 for convenent highway access. This home has it all!! You enter this beauty through a picturesque front door right into an inviting Foyer where your eyes gaze upon beautiful floors, the lighted staircase leading to the second floor and the flow of the home. From the Foyer you may enter into your living room, formal dining room and a half bath along the hallway before laying eyes on your beautiful bright and spacious eat in kitchen. You'll love the stainless steel appliances and beautiful cabinets offering plenty of storage and counter space. But wait, your kitchen also has lovely French doors which open up to your warm and inviting deck which overlooks your generous sized treed lot providing luscious beauty for those summer days and nights. For your convenience, there are two pantries, your enclosed laundry area and entrance to the full oversized finished lower level with a full bath and walkout access to the back yard and patio. Located on the second floor are four bedrooms. Enter the Master bedroom through French doors featuring Cathedral ceilings, double walk in closets plus additional closets, an On suite Glamour Bath, walk in shower plus a jacuzzi!! It's a private space fit for kings and queens. There are three additional bedrooms and a full bath with lighted faucets which complete the second floor. There is a Hi efficiency gas furnace, central air, a waterless hot water heating system and a new roof 2025. Your two car attached garage is clean and just waiting for you. So Don't delay call Aminah and 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.
