A True Gem in Harmony! Fully upgraded 3-bedroom home with a garage apartment. Welcome to this beautifully upgraded 3-bedroom, 2.5-bathcorner lot home in the heart of the highly sought-after Harmony community. This move-in-ready home boasts a fully furnished garage apartment with a private entrance, perfect for guests, in-laws, or rental income! Step inside to find bamboo flooring leading you into an elegant great room with crown molding, custom lighting, and decorative ceiling fans. The fully updated kitchen features stainless steel appliances, including a brand-new stove, and opens to a spacious dining area ideal for entertaining. Recent upgrades include: Newer roof (2021), brand new water heater, newer HVAC systems, brand new washers and dryers (in both main home and apartment), fresh interior paint & newer carpet, water softener system, picket fence & brick paver accents. All three bedrooms are located upstairs in the main home, including the spacious owner’s suite with a stand-up shower, garden tub, and dual vanities. Make your way out back to relax year-round on the screened-in porch, ideal for morning coffee or evening wind-downs. The garage apartment is a stunning suite offering its own living room, kitchen, bedroom, full bathroom, washer/dryer, and private patio—a true “treehouse” retreat. Enjoy the best of Harmony living, including two large lakes, a community pool, and access to a private dock with boats, all within a friendly neighborhood. Zoned for top-rated Harmony Community, Middle, and High Schools. This is a rare opportunity to own a home with so many upgrades and added living space. Schedule your private showing today—this one won’t last!**This house comes with a REDUCED RATE through the seller's preferred lender. This is a lender-paid rate buydown that reduces the buyer's interest rate and monthly payment.**
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.
