Welcome to your dream oasis! Nestled on a private 1.21-acre park-like lot, this exquisite 5-bedroom ranch is the perfect blend of thoughtful design and upscale finishes, all wrapped up in an impressive 3,480 square feet. Homes like this are rare gems, and trust us, this one is a true unicorn! Step inside, and you’ll discover a floor plan bursting with flexible spaces. This layout is perfect for multi-generational living or hosting guests! Now, let’s talk about outdoor living—the heart of this home! Picture yourself unwinding on the charming screened porch, overlooking the fully-fenced, level backyard—ideal for kids and pets to run wild and play. Descend the steps from the porch to find a massive stamped concrete patio, complete with a cooking area and twinkling overhead lighting. These outdoor entertaining spaces are simply unbeatable! But wait, there’s more! Tucked away at the back of the expansive yard is a spacious storage shed for all your lawn gear and a cozy fire pit for those chilly evenings. Inside, the home is just as fabulous! The centrally located family room is anchored by a stunning kitchen, featuring crisp white cabinets, granite countertops, a stylish tile backsplash, and under-cabinet lighting. It flows seamlessly into the breakfast room and family area, creating the perfect hub for gatherings. Plus, the butler’s pantry adds extra storage and connects beautifully to the formal dining room. You’ll love the convenience of a dedicated office on the first floor. The primary suite is a true haven, boasting a luxurious tile shower, soaking tub, double vanity, and a walk-in closet. Two additional bedrooms share a hall bath, rounding out the main level. Upstairs are even more flexible spaces! You’ll find a large loft/living room with a full bath, flanked by 2 more bedrooms. There’s also a massive finished room over the garage that could easily serve as a sixth bedroom or a fun playroom! Don’t miss your chance to own this unique home that masterfully combines exceptional spaces both inside and out.
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.
