This beautifully appointed former model home blends timeless elegance, thoughtful design, and an unbeatable location just minutes from the Aurora Reservoir and Southlands Mall. Nestled in a highly desirable neighborhood with exceptional amenities, this residence showcases elevated finishes and meticulous attention to detail throughout. The main level features a spacious and inviting family room with custom plantation shutters, a stunning double-sided gas fireplace with an elegant built-in mantle, surround sound capabilities, and soaring vaulted ceilings. The kitchen is a true centerpiece, offering high-end appliances, rich granite countertops, abundant cabinetry, a massive center island, and a large walk-in pantry. A formal dining room with a lighted tray ceiling elevates gatherings, while an additional formal living space offers even more flexibility for hosting or relaxing. Also on the main level is a versatile bedroom or private office featuring built-in shelving, a double-sided fireplace, and a convenient ¾ bath. Upstairs, the primary suite is a true retreat with serene reservoir views, a spa-inspired five-piece bath, dual walk-in closets, dual vanities, and custom tile finishes. Three additional generously sized bedrooms and two bathrooms complete the upper level, including one ensuite-style bedroom with built-in bookshelves and a charming window seat. The fully finished basement expands the living space with a large entertainment area complete with a wet bar, and surround sound. Two additional spacious bedrooms and a ¾ bath provide excellent flexibility for guests, multigenerational living, or a home gym setup. Outside, the yard is designed for both relaxation and entertainment, featuring an expansive patio, smart irrigation system, hot tub hookup, dedicated dog/pet run, and a play area. This is a rare opportunity to own a thoughtfully designed, move-in-ready home in one of the area’s most sought-after locations!
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.
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