Located on a quiet cul-de-sac in Silos, where the resort-style recreation center and year-round events foster connection and community. High ceilings and luxury vinyl plank flooring flow throughout. White cabinetry, and solid counters in baths and kitchen plus gas cooking, and stainless appliances. Air and water quality upgrades plus security features enhance comfort and peace of mind. Refrigerator, washer, & dryer convey. The home has three generously sized bedrooms plus a dedicated office with double doors located off the central foyer. The home has a spacious, open floor plan with the kitchen located at the heart of the home, with the kitchen sink anchored in a large breakfast bar looking out to the great room dining and living spaces. Nestled at the back of the home, the private primary suite offers peaceful views of the backyard and a spa-style bath with extended dual vanity, private water closet, oversized tiled walk-in shower, and a 9x15' walk-in closet. The secondary bathroom includes solid surface counters, white cabinets and tub/shower with ceramic tile surround. Designed with comfort and well-being in mind, the home includes a smart thermostat for energy efficiency, exterior security cameras, smart entry lock, Ring doorbell camera, RainSoft water softener with reverse osmosis, whole-house air purification system, laundry oxygenation system, and a tankless gas water heater-enhancing air quality, water quality, and efficiency from day one. Residents of Silos enjoy the Farmhouse amenity center, with a resort-style pool, partially-covered playground, 24-hour fitness center, and gathering spaces that host year-round events and social activities coordinated by on-site community managers-creating opportunities to connect, stay active, and enjoy a vibrant neighborhood lifestyle. Don't wait ~ Schedule your private tour today. ~ Qualified buyers may have access to special conventional financing options that can help reduce upfront costs. Buyer to verify with lender.
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.
