Constructed in 2022 and meticulously cared for, this 6 bedroom and 4 full bath residence offers refined, modern living with a layout designed for both comfort and impressive entertaining. Starting off the expansive front porch and curb appeal sets a welcoming tone and introduces the level of detail carried throughout. Inside, a grand foyer opens to a formal dining room offering a sophisticated setting for hosting. Just beyond, the home opens into a spacious family room centered around a striking fireplace, seamlessly connected to the breakfast area and chef inspired kitchen. The kitchen is thoughtfully designed with stainless steel appliances, double ovens, elevated island, and spacious pantry, creating both function and style at the heart of the home. Privately positioned on the main level, the owner's suite offers hardwood floors and no shared walls, creating a true retreat. The spa quality bath features a soaking tub with jets and mounted tv, a separate walk-in shower, double vanity sinks, and a generously sized walk-in closet. Upstairs, spacious secondary bedrooms provide flexibility for family or guests, all featuring ceiling fans in every bedroom. A well-designed Jack and Jill bathroom with double vanity sinks enhances convenience, while an additional private full bathroom elevates one of the secondary bedrooms with added comfort and privacy. A versatile bonus room completes the upper level, ideal for a home office, media room, or additional living space. Continue your tour outdoors to the screened in patio with ceiling fan, designed for year-round enjoyment and comfort. A two-car garage and Samsung washer and dryer add everyday convenience. This home delivers a rare combination of space, thoughtful design, and modern comfort, all in like new condition.
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.
