MOTIVATED SELLER-PRICED TO SELL! Come experience Luxurious Living in The Grove in the amazing gated golf community. This gorgeous home is the entertainer's showplace-timeless, elegant & modern luxuries by Hidden Valley Homes & must see in person to appreciate. As you approach, you're greeted by stone pillars w/gas lamps & charming front courtyard, perfect for relaxing or entertaining guests, complete w/ a cozy fireplace that creates a warm, inviting ambiance. That's all before you step inside either set of beautiful arched wood and glass double doors. You will discover the elegance of the spacious open floor plan, highlighted by a first-floor primary suite designed for ultimate privacy and convenience. This exquisite home features not only an attached oversized two-car garage with closet and storage area but also a separate detached heated & cooled garage w/380sf that could easily be a 4th bedroom w/ full bath, in-law suite, teen suite, private office, a workout room, studio or delightful potting shed. The Primary Suite with sitting area has vaulted ceilings, beautiful wood beam, plenty of natural light and the primary bath and 2 custom built-in walk-in closets are a dream! The chef's kitchen has cabinets to the ceiling, also beautiful glass display cabinets, Sub-Zero fridge, Thermador gas range w/6 burners, griddle & dessert oven. What kitchen wouldn't be complete without a butler's pantry w/sink, beverage fridge, cabinets and 2 countertops-one for coffee bar and actual bar, plus walk-in pantry AND 20' long hallway of additional cabinets for all of your entertaining dishes & decor. The office has natural light, plenty of cabinets and granite. Every corner of the villa is designed to impress. You won't believe the storage space in the 2 massive walk-out attics upstairs. Don’t miss the opportunity to experience this beautifully upgraded home firsthand! Detached Garage has 380sf and could easily be converted to a 4th bedroom with bathroom. Schedule your showing 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.
