Stately brick 2-story residence in the prestigious Whitmoor Country Club, offering over 4,200 square feet of living space showcasing a thoughtfully updated interior and timeless design. Recent improvements include fresh designer paint throughout, newly installed carpeting, upgraded designer lighting, and refined trim detailing, creating a crisp, move-in-ready feel. he classic center hall floor plan is enhanced by abundant natural light from full-height windows adorned with plantation shutters. An impressive leaded glass entry door opens to a welcoming foyer, flanked by a private study and formal dining room. The spectacular family room features a gas fireplace and expansive bay window, offering both comfort and architectural interest. The chef’s kitchen blends style and function with 42" white cabinetry, granite countertops, premium appliances, and a generous 5-foot center island, flowing seamlessly into the breakfast room with a convenient planning center and atrium door leading to a covered terrace. Upstairs, 9-foot ceilings continue into the spacious primary suite with a light-filled bath featuring a soaking tub. Three additional bedrooms and an updated hall bath provide flexibility for family or guests. The finished lower level benefits from a deep pour foundation and includes a recreation room, private office, and full bath offering exceptional additional living space. Set on a beautifully sized 0.41-acre cul-de-sac lot, the home also features a terrace and 3-car garage. Enjoy a resort-style lifestyle with access to Whitmoor Country Club amenities, including a clubhouse, pool, tennis courts, fitness center, and a 36-hole championship golf course.
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.
