Welcome to this beautiful, spacious home in the desirable Jerome Village Willowbrush neighborhood! Built in 2020, with thoughtfully designed living spaces, perfectly blending modern style with comfortable everyday living. The welcoming front porch greets you as you continue inside to discover an inviting, open-concept floor plan filled with natural light and designed for both entertaining and daily life. The expansive main living area seamlessly connects the great room, dining space, and kitchen, creating a bright and airy environment ideal for gatherings with family and friends. The generous layout allows for effortless flow while still offering cozy spaces to relax and unwind. The kitchen serves as the heart of the home, offering abundant cabinetry, ample counter space, walk in pantry with coffee bar, and a large center island that makes meal prep and casual dining easy. Overlooking the spacious living area, the kitchen keeps everyone connected whether you're hosting a dinner party or enjoying a quiet evening at home. The first floor is also home to a Mother-in-law Suite, perfect for a guest room or quiet home office. Upstairs, the 4 additional bedrooms provide comfortable retreats. The primary suite offers a peaceful escape with a private bath and generous closet, creating the perfect place to recharge at the end of the day. One of the standout features of this home is the finished basement, which significantly expands the living space and offers incredible flexibility with a bar space, recreation room, fitness space, and playroom, the finished lower level provides the perfect setting for entertainment, hobbies, or relaxing weekends at home. Outside, the back yard offers a deck overlooking a lush yard while that front boasts welcoming curb appeal in a neighborhood known for its beautiful homes and strong sense of community while enjoying access to walking trails, green space, community amenities, and convenient proximity to shopping, dining, and commuting routes.
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.