Step into comfort and modern elegance with this stunning home, freshly built in 2023. Boasting 3 spacious bedrooms and 2 full baths across 1,550 square feet, this thoughtfully designed residence offers the perfect blend of style, function, and convenience.The exterior showcases a combination of durable brick and vinyl siding--built to last while exuding timeless curb appeal. A full sprinkler system keeps your lawn lush with minimal effort, and gutters provide essential protection from the elements, ensuring the home stays in excellent condition year-round.Inside, Luxury Vinyl Plank flooring in warm, neutral tones flows throughout the main living spaces, offering durability with a touch of contemporary charm. Custom blinds enhance every room with sophistication, while an included washer and dryer add to the true move-in-ready convenience. The open-concept layout seamlessly connects the living room, dining area, and kitchen, creating a space perfect for entertaining or enjoying quiet evenings at home. The kitchen boasts stainless steel appliances, sleek countertops, and modern cabinetry with ample storageideal for both everyday cooking and special gatherings. The primary suite is a private retreat, complete with a spacious walk-in closet and a full ensuite bathroom designed for relaxation. Two additional bedrooms provide flexibility for family, guests, or even a dedicated home office. Step outside to a covered patio overlooking the backyard, a perfect spot for morning coffee, weekend barbecues, or simply unwinding at the end of the day. Conveniently located near schools, shopping, dining, and major roadways, this home not only delivers on style and comfort but also offers everyday practicality. Built just last year, it's ready to welcome its next owner to enjoy all the benefits of new construction without the wait.
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.
