Here is the home you've been looking for, with numerous custom upgrades!! It is a stunning and meticulously maintained Craftsman custom 5BR/4BA, with your very own large heated in ground saltwater pool and spill over spa!! This lovely home features an incredible 2 story foyer with open staircase, an oversized family room with an open kitchen concept, a large island with seating and electrical outlets, a stainless farm sink, and high end LG stainless appliances, featuring a custom craft ball ice maker refrigerator. Plenty of exquisite white kitchen cabinets with a custom backsplash and lots of natural light lend a bright and cheery effect, along with gleaming granite countertops, a breakfast area, and luxury vinyl plank hardwood flooring throughout, with cozy and inviting carpet in the bedrooms! There is a bedroom on the main, plus a luxurious master suite upstairs for ultimate comfort and flexibility. The master suite features a beautifully designed area with vaulted ceiling and a sitting area leading into the master bath that combines elegance and functionality to create a stylish and relaxing space you'll love! There is also a large custom media room, plus plenty of extra space if an office is needed. All windows are tinted with Geoshield super alloy 15% film for energy efficiency and to protect from fading UV rays. When you step out the back door, there is a spacious backyard oasis that has been thoughtfully planned and fenced in with beautiful wood and a section partitioned off for your very own 12'X 15' artificial turf golf putting green and a child or pet play area. The sparkling and inviting in-ground heated saltwater swimming pool and separate spillover spa is perfect for relaxing, playing or hosting gatherings, and could be enjoyed all year with the heated feature. The backyard also features a separate custom building with power for convenience and storage. The garage is fully heated and cooled and includes a 50 amp EV charging outlet. The home is located in the award winning and highly sought after Bremen City School District and is the perfect blend of style, comfort, and practicality, offering everything you could ever need for modern, convenient and fun family living! $550,000.00
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.
