Experience refined elegance and resort-style living in this exceptional outdoor retreat, thoughtfully designed across nearly 1.47 acres. Paver walkways connect multiple inviting seating areas, a full outdoor kitchen, cozy fire pits, a relaxing hot tub, and a charming gazebo—creating the perfect setting for both entertaining and unwinding. A whole-house generator, outdoor equipment, and select furnishings convey added comfort and peace of mind. The backyard is fully enclosed with a vinyl privacy fence and enhanced by a full irrigation system for effortless maintenance. Recreational amenities include a dedicated basketball area and a spacious composite deck overlooking the grounds—your own private sanctuary. Inside, this stunning residence offers nearly 8,000 square feet of beautifully designed living and entertaining space. The home features five generously sized bedrooms, including a luxurious executive suite with vaulted ceilings, a built-in wet bar or coffee station, a spa-inspired bath with soaking tub and walk-in tandem shower, and a custom walk-in dressing room with expansive storage. An additional ensuite bedroom with full bath makes this home ideal for multigenerational living. With 4.5 baths, dual staircases, soaring ceilings, and elegant trim and moldings throughout, the craftsmanship is truly one of a kind. The main level showcases sophisticated living areas, including a dramatic two-tiered family room with gas fireplace, a formal dining room accented by a sparkling crystal chandelier, a spacious living room, and a large private office. Additional square footage is provided by a four-foot bump-out, a grand sunroom with vaulted ceilings, and a converted Florida room now serving as a stylish coffee and snack bar. Custom blinds are featured throughout the home. The custom chef’s kitchen is a dream, appointed with new upgraded appliances, gas cooking, double ovens, dual sinks, a walk-in pantry, and a separate storage closet for fine china and serving pieces. The fully finished lower level is designed for lifestyle and leisure, offering a bedroom, full bath, home gym, theater or game room with surround sound, recreation room, workshop, and abundant storage. Completing the home is a three-car garage with an electric vehicle charging port, recently upgraded to a showroom-style garage ideal for the car enthusiast, featuring upgraded flooring and fresh custom paint. A home warranty is offered, making this exceptional property an unmatched opportunity for luxury living and entertaining.
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.
