ASSUMABLE VA MORTGAGE AVAILABLE AT 3.525% interest rate! Discover elevated spacious living in this exceptional Zionsville residence, perfectly nestled in the peaceful countryside and within the highly-regarded EAST PENN school District. This magnificent property offers a true retreat on 3.57 private acres, where panoramic views and serene surroundings create an idyllic escape from the everyday. A dramatic 38-foot center hall foyer, complete with a grand staircase, provides a stunning first impression and sets the tone for over 4500 square feet of meticulously designed living space. This expansive home boasts five bedrooms, three full baths, and two half baths, providing ample room for comfort and privacy. At the heart of the home, a gourmet kitchen awaits, featuring elegant granite countertops, abundant workspace, a convenient butler's pantry, a gas range, and double wall ovens. This culinary haven seamlessly connects to a dining area, and opens to a large deck and patio, extending the living space outdoors. The vaulted family room, warmed by a cozy fireplace, offers an inviting atmosphere for relaxation and gathering. A dedicated first-floor office provides an ideal work-from-home environment for busy professionals. The residence also includes dual powder rooms, dual staircases, and a three-car garage for ultimate convenience. The expansive and private lot offers long-distance panoramic views, creating a relaxing sanctuary while remaining within easy reach of nearby towns, shopping, and essential commuter routes. Two Amish-built shed garages provide additional storage solutions. The walk-out basement presents an exciting opportunity for future expansion, already roughed-in for a future bath, allowing for personalized customization. Additional highlights include a whole house generator, 3 car garage, two detached storage sheds. Space, privacy, and elegance come together in a location that's increasing hard to find. Schedule your private showing today and experience the possibilities for yourself. ASK about the assumable VA mortgage that may be available with a 3.625 interest rate!
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.
