This charming well maintained two-story home provides ample space for everyone! Located in the picturesque Heather Glen community, it sits on a private lot at the end of a tranquil cul-de-sac. The Tillman floor plan seamlessly integrates indoor and outdoor living, featuring a spacious front porch and a rear screen porch. The interior boasts a gourmet kitchen with sleek quartz countertops, 36” white painted cabinetry, a tile backsplash, and stainless Whirlpool appliances, including gas range with outside vented exhaust. Wide plank laminate flooring flows throughout the dining room, kitchen, and living room, creating a warm and inviting wood-like ambiance that’s easy to maintain and clean. The primary bedroom suite on the first floor includes a spacious closet and an en suite bathroom with a double vanity, a 5ft shower, and ample space for relaxation. Upstairs, you’ll find a versatile loft/family room area, four additional bedrooms, and two full bathrooms. But this home goes beyond the ordinary—it’s America’s Smart Home! You can control the thermostat, front door light and lock, and even video doorbell from your smartphone or with voice commands to Alexa. Additionally, all underground utilities, a Rannai Tankless water heater, gutters, and a RV 50 Amp hookup are included. Heather Glen is a natural gas community that offers a variety of amenities for its residents. Enjoy a spacious clubhouse with sprawling verandas, an impressive swimming pool, a conditioned fitness center, a fenced dog park, a playground area, and community gardens.
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.
