BIGGEST HOUSE in Oswego on the market, with over 5000 sq ft. Home comes with a home warranty for peace of mind! Welcome to this spectacular 6-bedroom, 4.5-bathroom residence of refined living space, perfectly designed for related living and effortless entertaining. Nestled on a desirable corner lot, this home makes a bold first impression with its grand entrance, soaring cathedral ceilings, and an abundance of natural light flowing throughout. Step inside to find a massive eat-in kitchen, complete with ample counter space, a walk in pantry and a dedicated formal dining area-ideal for both casual meals and elegant gatherings. The basement full bathroom includes a spacious luxury, spa-like feel with a huge walk in shower and separate soaking tub! The huge walk-in closets will never leave you feeling like there is a lack of storage! The Jack and Jill bathroom conveniently connects two additional bedrooms, making it perfect for families or guests. A finished basement provides even more flexible space and includes a pool table-ready for game nights and relaxation. The main level also boasts a private home office, ideal for remote work or study. Outside, enjoy seamless indoor-outdoor living with patio doors that open to a stamped concrete patio, a gazebo, and a swing set-creating a backyard oasis for all ages. The 3-car garage offers ample storage and convenience. Situated in a community with a low-maintenance HOA that includes access to a pool and clubhouse, this home has everything you need-and more. Whether you're hosting large gatherings, accommodating extended family, or simply enjoying the space to spread out, this home checks every box. Don't miss your opportunity to own this extraordinary property-schedule your private tour 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.
