Welcome to a home that truly has it all including space, style, and unbeatable comfort. This stunning 4-bedroom, 2.5-bath home is thoughtfully designed for both everyday living and effortless entertaining. From the moment you step inside, you'll appreciate the dedicated private study which is perfect for working from home, managing daily life, or creating a quiet retreat. The heart of the home is the beautifully appointed kitchen that seamlessly overlooks the spacious living room, creating an open, connected feel ideal for hosting gatherings or simply enjoying time with loved ones. Retreat to a luxurious downstairs primary suite designed for both comfort and sophistication. The spa-inspired en-suite bathroom features a dual vanity, a relaxing garden tub perfect for unwinding, a separate walk-in shower, and a spacious walk-in closet that offers both style and functionality. Upstairs, you'll find a massive game room that offers endless possibilities such as media space, playroom, second living area, and more. The three additional bedrooms are generously sized, providing comfort and flexibility for family or guests. Step outside to a well-maintained backyard, ready for relaxing evenings, weekend barbecues, or your own personal touch. Nestled in a vibrant, welcoming community, this home offers more than just a place to live; it offers a lifestyle. Enjoy walking distance to the elementary school or nearby amenities center and bus routes to the middle school and high school. The community includes a vibrant park, basketball court, and sparkling pool. The home also offers close proximity to shopping, dining, and entertainment. This is the perfect blend of comfort, convenience, and community so don't miss your opportunity to call it home.
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.
