Welcome home to this better-than-new, completely renovated home in desirable Carriage Park! Boasting just under 5,000 square feet of living space, this stunning home has been thoughtfully updated throughout. New luxury vinyl plank flooring welcomes you and flows through the foyer, dining room and kitchen. French doors open to a bright office/playroom with newer carpet (2020). The heart of the home is the incredible chef's kitchen, completely remodeled in 2021 and anchored by a 10-foot island. Enjoy new stainless steel appliances, quartz countertops, new cabinetry, an added 80 sq. ft. walk-in pantry, second pantry, double oven, gas cooktop with stainless hood, stylish backsplash, and a dedicated coffee station. The kitchen opens to a spacious family room with newer carpet (2020), smart lighting, and a cozy gas fireplace. An elegant dining room with crown molding, raised-panel wainscoting, and updated lighting, along with a renovated half bath, complete the main level. Upstairs, the spacious primary suite features custom blinds, two walk-in closets with custom organizers, and a luxurious remodeled ensuite (2024) with dual vanities, heated jacuzzi tub, and an impressive 10-foot walk-through tiled shower with multiple shower heads. Three additional bedrooms each offer walk-in closets and custom blinds, while a full hall bath and convenient second-floor laundry complete the level. The newly finished basement (2021) provides exceptional additional living space with luxury vinyl plank flooring throughout. Currently configured as a movie theater, the expansive rec room can easily be customized to fit your needs. A separate room behind a charming barn door is perfect for a home office, gym, or craft room, while an adjacent bonus room makes an ideal fifth bedroom. A beautifully finished full bath with tiled walk-in shower completes the lower level. Major updates include a new roof (2022), fenced backyard (2023), 400 sq. ft. patio (2023), fresh main-level paint (2023), LVP flooring (2021), complete kitchen renovation (2021), luxurious primary bath remodel with custom closets (2024), and finished basement with full bath (2021). Outside, the newly fenced backyard is perfect for summer barbecues or relaxing around a fire under the stars. Conveniently located near shopping, restaurants, and parks, this exceptional home is truly move-in ready and awaits its new owners.
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.
