Custom-built by Alexandra Fine Homes, this exceptional colonial is nestled on over 3 private acres and showcases a breathtaking natural waterfall, creating a truly one-of-a-kind setting. Designed with uncompromising attention to detail, this home blends luxury, comfort, and craftsmanship throughout. The stunning two-story gourmet kitchen features premium appliances, abundant custom cabinetry, a breakfast bar, and seamless flow into the sunroom—an inviting space to relax, unwind, or enjoy movie nights with family and friends. The spacious family room is highlighted by a dramatic stone fireplace and walls of windows overlooking the picturesque backyard, where the soothing sounds of the waterfall create a peaceful retreat. The elegant dining room offers a second fireplace, illuminated custom display cabinetry, and remarkable architectural detail. A private first-floor executive office features built-in custom cabinetry, desk space, French glass doors, and beautiful front-yard views. The luxurious owner’s suite is a true sanctuary, complete with custom flooring, an incredible designer walk-in closet, and a spa-inspired glamour bath featuring a soaking tub, ceramic flooring, and a custom tile shower. The finished lower level offers incredible flexibility with space for a recreation room, fitness area, game room, craft room, or additional entertaining space. A built-in surround sound system extends throughout both the interior and exterior living areas, creating the perfect atmosphere for everyday living and entertaining. Additional premium features include heated roof coils designed to help prevent ice buildup during Northeast Ohio winters, ensuring year-round peace of mind. An extraordinary opportunity to own a truly custom luxury residence in one of Concord’s most desirable settings.
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.
