**Moving Sale is Scheduled for Saturday 3/28 from 10am to 2pm** Welcome to one of the most impressive homes in the prestigious Cannon Club Estates golf course community. This custom-built, all-brick residence offers ample square footage across three levels, including a finished basement, four bedrooms, three full bathrooms, and an exceptional four-space garage setup rarely found in the area. From the moment you enter, soaring vaulted ceilings and expansive windows create a bright, open atmosphere filled with natural light. The main living space centers around a striking three-sided wood-burning fireplace, providing warmth and character while creating the perfect setting for both everyday living and entertaining. A beautiful sunroom retreat "Gatsby Room" offers year-round enjoyment and features its own gas fireplace, ceiling fans, built-in sound system, and dimmable lighting while overlooking the private backyard and golf course. The kitchen includes newer stainless steel appliances and a functional layout designed for both convenience and hosting gatherings. The spacious primary suite offers a spa-like escape with a steam shower and soaking tub for ultimate relaxation. Downstairs, the finished basement provides additional flexible space perfect for a recreation area, home gym, or media room. Step outside to your own private outdoor retreat featuring a stunning three-tier patio and an in-ground heated plunge pool—ideal for entertaining or quiet evenings at home. Additional highlights include a new roof installed in 2020 with lightning rod protection and a hardwired security system compatible with any monitoring service. Homes with this combination of space, upgrades, and Cannon Club lifestyle rarely become available. Golf or social country club membership is also optional. Schedule to see today as this one will not last long!
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.
