Discover This Stunning And Spacious 4-Bedroom, 4.5-Bathroom Residence, Perfectly Situated On A Desirable Lot In The Sought-After Riverwood Community. 2 Car Garage and Extra Parking Pad. Designed For Modern Living, This Home Boasts An Open-Concept Layout And Exceptional Upgrades Throughout, Starting With A Stylish Gourmet Kitchen Featuring Soft Close, Beautiful White Cabinetry with, Expansive Counter Space, And A Large Central Island With Seating, Walk in Pantry. This Flows Seamlessly Into The Bright And Airy Living Room, Which Is Illuminated By Large Windows, Features A Cozy Fireplace With Gas Logs, And Includes Custom Blinds Throughout. The Main Level Also Offers Exceptional Versatility With A Perfect Space, Enclosed By Elegant Glass Double Doors, Ideal For A Private Home Office Or An Additional Bedroom. From The Living Room, Enjoy Peaceful Views And Easy Access To The Back Deck, Which Features Stairs Leading Down To A Large, Fenced Backyard. Upstairs, You Will Find Four Generously Sized Bedrooms, Including The Expansive And Luxurious Primary Suite, A True Retreat Complete With An Upgraded Private Bath And Substantial Walk-In Closets, As Well As A Dedicated Laundry Room And Two Additional Full Bathrooms; Notably, All Secondary Bedrooms Also Feature Walk-In Closets. A Major Highlight Is The Full, Finished Daylight Basement, Which Offers A Large Recreational Space Perfect For A Pool Table And A Dedicated Living Room For Big-Screen Viewing, Plus A Full Bathroom & Computer Room, And A Separate Workout Room That Could Easily Serve As A Fantastic 5th Bedroom. Finally, Step Outside And Find Your Own Private Basketball Court, Just Steps From The Home. PowerHorse Portable Generator 11,050 with dedicated outlet side of home. Located Just 10 Minutes From The Grocery Store, Restaurants, Parks, And Community Events. Neighborhood Amenities Include Walking Trails, Parks, 30 Pickle Ball Courts, And A Jr Olympic Swimming Pool At The Clubhouse.
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.
