The epitome of luxurious living in this exquisite 4 bedroom, 2.5 bathroom custom home, spanning an impressive layout designed for comfort and entertainment. Nestled in a serene neighborhood of Vintage Oaks, this home boasts a spacious 3-car garage, providing ample storage and convenience for your vehicles and hobbies. Step inside to be greeted by beautiful wood tile flooring that flows seamlessly throughout the entry, main living areas, and kitchen offering both elegance and durability. The heart of the home is the expansive living room, where beamed vaulted ceilings soar overhead, creating an airy and inviting atmosphere. A stunning floor-to-ceiling stone fireplace serves as the focal point, perfect for cozy evenings with family and friends. The gourmet kitchen, adjacent to the living space, features modern amenities and opens to a dining area ideal for hosting gatherings. The Master suite offers a private oasis complete with an en-suite bathroom featuring dual vanities and a luxurious walk-in shower. Efficient tankless hot water heater, ensuring endless hot water. Outside, the fenced backyard provides privacy and security, transforming into your personal retreat. Golf enthusiasts will delight in the custom chipping green, allowing you to practice your short game right at home. As evening falls, the built-in Jellyfish exterior lighting illuminates the property with a mesmerizing glow, highlighting architectural details and creating a magical ambiance. Extend your living space to the covered patio, where another floor-to-ceiling stone fireplace awaits, ideal for al fresco dining or relaxing under the stars. This home isn't just a place to live—it's a lifestyle, blending sophisticated design with practical features for the discerning buyer. Schedule your viewing today and envision your future in this remarkable property!
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.
