Discover your perfect sanctuary in this stunning, move-in-ready home located in the highly coveted Park at West Lake neighborhood. Relax with a morning cup of coffee on your rocking chair front porch overlooking your quiet cul-de-sac. Step inside to a light-filled two story foyer and enjoy a main floor featuring a dedicated office space with custom built-ins and a formal dining room with a wet bar and butler's pantry - perfect for hosting holiday gatherings. The cozy family room with a stone fireplace and a large eat-in kitchen with an island, quartz countertops and an abundance of cabinet space serve as the heart of the home. The space is beautifully extended by an incredible, climate-controlled sunroom inviting natural light and serene views of the outdoors year-round. A spacious main level bedroom accompanied by a full bath is the ideal set up for guests, multi-generational living or an additional office. The second level features a well-sized primary suite complete with an en suite bath featuring double sinks, a walk-in shower, and a relaxing garden tub. Three additional generously sized secondary bedrooms provide ample space for everyone, while the dedicated bonus room offers endless possibilities for a media room, play area, or hobby space. A oversized laundry room, designed to make chores effortless and organized completes the second level. Situated on a nearly 1/3-acre flat lot, this property offers incredible privacy. The backyard is fully fenced and backs directly to protected HOA land, ensuring you'll enjoy a quiet, lush backdrop. Beyond the aesthetics, this home is built for peace of mind, featuring significant recent upgrades: a roof replaced in 2019, a tankless water heater installed in 2022, an encapsulated crawl space with a dehumidifier, and an insulated, cooled garage. Living in The Park at West Lake means access to premium community amenities, including two swimming pools and playgrounds. When you're ready to explore, Middle Creek Park and the library are just a short, scenic stroll away. This is more than just a home - it's the lifestyle you've been waiting for!
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.
