Built in 2009, this 4-bedroom, 5-bathroom custom home with a finished lower level and a 3-car garage is a rare find! It combines thoughtful design, quality craftsmanship, and plenty of room to grow, along with the added benefit of energy-conscious construction. The spacious main-level luxury primary suite features hardwood floors, a walk-in closet, dual sinks, a soaking tub, and a separate shower. The kitchen is built for both daily living and entertaining, featuring custom cabinetry, granite countertops, a professional-style gas range with stainless steel hood, and a center island with seating. It opens to a dramatic vaulted living room with a fireplace and arched windows that flood the space with natural light and connect seamlessly to the rear deck. You'll also find a formal dining room, a convenient power room, and a functional mudroom on this level. Upstairs, you'll find two bedrooms connected with an adjoining bathroom. There is another spacious bedroom and another full bathroom, along with the second-floor laundry, which adds convenience. The finished lower level provides flexible living space with 14-foot ceilings, a large recreation area, a full bath, a versatile bonus room ideal for a home office, fitness space, or guest room, and plenty of storage. Enjoy a fully fenced yard, complete with an electronic gate to the expansive concrete driveway and detached three-car garage. The natural gas generator adds peace of mind. Built with insulated concrete forms, the home was designed for durability, comfort, and efficiency. ICF construction provides exceptional insulation, helping maintain consistent indoor temperatures year-round while reducing energy costs and minimizing outside noise. You'll also find an electric car charger and solar panels, which further enhance efficiency, delivering meaningful savings on utility bills and a reduced environmental footprint. Located right across the street from a park and just minutes from Forest Park, the Central West End, major medical campuses, and highway access, this modern gem is the opportunity you've been waiting for. Come and see for yourself!
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.
