Step into style and comfort with this beautifully maintained home that truly shows like a model. From the moment you enter, you'll appreciate the thoughtful design and modern finishes throughout. The main level features new luxury vinyl plank flooring, offering both durability and a clean, updated look. The spacious kitchen is a standout, complete with quartz countertops, abundant cabinet and counter space, stainless steel appliances, and the perfect area for a coffee bar or additional prep space. The open layout flows seamlessly, making it ideal for both entertaining and everyday living. The main level offers exceptional flexibility with both a bedroom and a separate office or additional living space, along with a full bath-perfect for guests, multi-generational living, or working from home. Upstairs, you'll find four generously sized bedrooms along with a versatile loft space, ideal for a second living area, playroom, or workspace. The primary suite is designed for comfort, featuring two walk-in closets and a spacious en-suite bath with dual vanities and a large glass-enclosed walk-in shower. This home includes numerous updates such as a custom front door and storm door, new shutters, updated lighting in the primary and lower bathrooms and over the kitchen island, five new ceiling fans, custom blinds throughout, fresh paint on the main level, and updated hardware in the kitchen and bathrooms. Situated on a desirable pond lot, this home offers peaceful water views and a relaxing outdoor setting. The three-car attached garage provides ample space for vehicles, storage, or hobbies. Enjoy the added community amenities, including a nearby playground and a scenic pond with a lighted fountain in the warmer months that is stocked for added enjoyment. This newer home offers all the benefits of modern construction without the wait. Move-in ready and meticulously cared for, it's an exceptional opportunity for buyers seeking space, functionality, and style.
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.
