AWESOME FLOOR PLAN! BIG BACKYARD with ROOM FOR POOL! 3 CAR GARAGE! This spacious floor plan offers so much flexibility of use and features 4 bedrooms PLUS a separate Office (with French doors) AND a BONUS ROOM/ FLORIDA ROOM! The large windows and tall ceilings truly elevate the space. The split bedroom design features 4 bedrooms and 3 full bathrooms, one with a door leading to the back porch making it PERFECT as a future pool bath if you decide to add a pool. The large living room, oversized breakfast/dining room, and large open kitchen have a great flow, perfect for entertaining !The kitchen truly adds warmth to the space with stained wood cabinetry, large island with custom sink (accessories included) granite countertops, reverse osmosis filter system,stainless appliances, and plenty Of storage. The primary bedroom suite features a wood plank accent wall, tray ceiling, two walk in closets with beautiful barn doors, and a large bathroom with a zero transition flush floor entry tiled walk in shower, soaker tub, double sinks and separate water closet. The large utility room features a pantry area with cabinets and a drop zone/laundry area, making the space super functional. This one owner brick home has been well loved and maintained. The landscaping is superb! The backyard is fully fenced and backs up to a tree line offering privacy. There are raised bed planters for the gardening enthusiast, and outdoor entertaining spaces created for lounging and alfresco dining. The covered back porch is the perfect spot for outdoor grilling and can be accessed from the bonus room and the secondary bath.Brand new water heater! If you are looking for a GREAT home in a super convenient location this home should be at the top of your list!
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.
