PRICE IMPROVEMENT AND BACK ON THE MARKET WITH FRESH UPDATES!!! Motivated Sellers! This lovely home offers a harmonious blend of luxury and comfort. Spanning over 5,000 sq ft on three levels sittting a one half acre flat lot backed to privacy trees. It boasts of 4 spacious bedrooms with an additional bonus room and media room on the lower level and 4.5 bathrooms, with ample space for relaxation and entertainment, including a recently Resurfaced Inground Swimming Pool with a New Salt Water Chlorine Generator (2025) saving thousands of dollars in pool cleaning. Step inside to discover the soaring two-story foyer with Freshly Refinished Hardwood Floors on the Main Level with a Formal Living and Dining Room, a Private Office and the Gourmet Kitchen is a chef's dream, featuring Newer High-end Stainless Steel Appliances, including a Wi-Fi-enabled refrigerator, double wall ovens, dishwasher, and microwave (2024) and cherrywood cabinets and large island and an Eat-In Kitchen area that opens to the Family Room with Gas Fireplace and a seperate Sunroom with French doors to rear yard. Retreat to the Upper Level to the Luxurious Primary Suite with a Sitting Area, walk-in closet and a Spa-like Bathroom featuring a Deep Soaking Tub, Seperate Shower, Dual Vanities and a Water Closet. The three additional Upper Level Spacious Bedrooms include a Jack-and-Jill Bath and an En Suite Bath. The Fully Finished Walk-up Lower Level features Brand New Luxury Vinyl Plank Flooring (2026) throughout, with a Custom Wet Bar, a Rec Room, Billiards Space, Media Room, a Full Bathroom, and an additional Bonus Room that can be used as a Guest Bedroom, Home Gym or wherever you need it to be. The Three-car Side-load Garage and extended Driveway with a Brick front with covered Portico adds to the beautiful curb appeal. The most recent updates include, Stained and Refinished Hardwood Floors on Main Level (2026), Brand New LVP Flooring on Lower Level (2026), HVAC (2023) and (2018), New Roof (2025). Driveway Repaved (2025), Radon Remediation System Installed (2025), Sump Pump (2025), New Motor for Washer/Dryer (2025), New EV Charging System (2025). In-Ground Pool (Resurfaced 2024), New Salt Water Chlorine Generator for low maintenance cleaning (September 2025), New Pool Equipment, including Automated Robotic Cleaner (2025) and Landscape Lighting (2024). Community amenities include walking trails, tot lot/playground, and basketball court. Convenient to shopping, dining, and commuter routes. Call to schedule your private showing today! The home was in great condition when the sellers purchased it last year and it is in even better condition now. They are selling for personal reasons. Don't miss your GAIN in Gainsville!!!
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.
