Welcome home to a truly exceptional property that checks all the boxes. This beautifully updated 4-bedroom, 4-bath home with 2,572 square feet is located on a desirable corner lot in Ridgeview at Stetson Hills. A practical and well-designed layout features two secondary bedrooms upstairs, along with a spacious primary suite complete with a private 5-piece bathroom, while the basement offers a fourth bedroom and a newly added bathroom (2024), creating an ideal space for guests, flexible living or a private retreat. The open main level showcases tall, soaring ceilings and luxury vinyl plank flooring throughout much of the main living area, along with multiple inviting spaces to gather and relax. The kitchen is the heart of the home, with a warm, welcoming design featuring granite countertops, stainless steel appliances, a bay window that fills the space with natural light and a large dining area that flows seamlessly into the main level living space, making it ideal for everyday living and entertaining. Major recent upgrades include new exterior and interior paint, new flooring, new stair railings, new windows, a new roof (2024), new A/C and furnace (2024), and solar panels for energy efficiency. The lower levels provide additional living areas and laundry, offering plenty of room to spread out and unwind. Outdoor living truly stands out with a fully regraded and leveled backyard, designed into multiple usable zones, including an extended patio with fireplace area, concrete that wraps around the yard, pet-friendly turf, new stonework and an open space perfect for play or gatherings. A charming wraparound front porch adds even more curb appeal. Additional highlights include a three-car garage, central air, and close proximity to good schools, parks, playgrounds, walking trails, grocery stores, and shopping. This move-in-ready home combines modern upgrades, flexible living spaces, and an outdoor area designed to be enjoyed year-round.
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.
