Better hurry as this one will not last long. Only once in a great while do homes remodeled and upgraded to this extent come up for sale. Upgrades usually only found in model homes are featured here. Front to back top to bottom a show stopper. The backyard is as impressive as the interior. Featuring a pebble lined pool/ 10 person spa which can be operated by an app on your phone, solar heated pool for economic comfort, full outdoor kitchen area for entertaining on a grand level. Also there is a golf putting green for the golf enthusiast. The entire property is meticulously landscaped beyond compare, even full lighting for night time atmosphere. A full makeover in the kitchen with quartz countertops with full backsplash, extensive white custom cabinets including two work areas and a farmhouse sink. Entire down stairs has beautiful and easily maintained laminate flooring, while up stairs is graced with gorgeous hardwood flooring. There is a formal dinning area as well as the eat-in kitchen. Over the top lighting provides a custom and luxurious ambience suited for the most discriminating buyer. The family room off the kitchen has built-in book-shelfs with plenty of additional storage and accommodates a super large TV for entertaining. The stately plantation shutters are the cherry on top of this customized jewel of a residence. Four bedrooms are found upstairs as well as the bonus room for another opportunity to relax. Originally a three bedroom the fourth bedroom option has been chosen to accommodate a larger families needs. Secondary bath is accented with ships lath and upgraded lighting. The extra large primary suite and bath provide quiet comfort and extraordinary luxury in the bath which has a huge walk-in shower, double sinks high-end lighting and a walk-in closet with organizer. 16 panel solar system keeps those bills to a minimum. Both solars are seller owned. HVAC is recently replaced. This true gem of a home must be seen to appreciate and fully comprehended.Professional photos are coming soon!!!
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.
