Highly popular Avocet! A vibrant community with pool/walking trails around the LAKE you can fish in, soccer field, playground area & so many more activities everyone can enjoy! Take a stroll around the community lake, relax & unwind in nature yet minutes away from it all! This well maintained home is immaculate, like new sitting on a private corner lot, privacy fenced with lovely firepit/gathering spot, a garden/shed & rain barrels! Enjoy this oasis via the custom 3 season room w/beadboard ceiling & recessed lights! It's so cozy you'll be having breakfast,lunch & dinners out here! Inside a large chefs kitchen awaits, w/huge center island & breakfast bar for maximum work & entertaining spaces, an eat in area + a custom built in coffee/wine bar make daily gatherings a joy! It all overlooks the open family room & cozy corner fireplace. A beautiful formal dining room is off the kitchen & awaits your special occasion festivities. This home boasts GORGEOUS plantation shutters throughout! 1st floor large primary suite is the perfect respite, featuring trey ceiling, large walk in closet w/built ins, & bathroom that boasts fully tiled arched shower, a soaking tub, & dual vanities, all adds to up a spa like retreat at home! Upstairs has 2 more bedrooms and a large bonus room with closet & built ins which can be 4th bedroom, closet is large enough for a mini home office/computer/work space!! Hall bathroom w/dual sink vanity & storage! Charming mudroom w/built in coat rack/storage off laundry/garage for those rainy days. Home is WIRED for whole house GENERATOR! Newer roof(2020) & adtl replacement windows in attic! Possible assumable mortgage with very low interest rate (must qualify) & we have preferred lender paid CC assistance available. You don't want to miss this rare beauty!
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.
