WELCOME HOME!! This beautiful pool home offers 2359 sqft of living space with 4 bedrooms and 2-1/2 bathrooms and a 2nd floor bonus room! Open concept floor plan with split bedroom layout. Master bedroom is downstairs and all other rooms on 2nd floor. Entry into the home leads into a 2 story foyer and pool views from the backyard. Formal dining room near the entryway leads to an open central kitchen layout over looking the family room. Step inside to find a bright, open floor plan with generous living and dining areas, a well-appointed kitchen featuring stone counters, and ample prep space, all overlooking the main living area—perfect for everyday living and hosting guests. The flexible layout includes multiple living spaces and a private primary suite with dual sinks, a walk-in closet, and plenty of room to unwind. The kitchen is the focal point of this home with white cabinets, granite counter tops and stainless steel appliances. Family room has french doors leading outside to the large pool deck. Master retreat has great natural light. Large walk-in closets, master bath has shower, garden tub & dual sinks. Heading upstairs are 3 good sized bedrooms and an open bonus area. New carpet throughout the 2nd floor. Inside utility room for convenience and doorway leading to the double car garage. Through the picturesque window views, the backyard has an over-sized salt-water pool with travertine tiles on the pool deck. Covered sitting area, great for entertaining!! Fenced for privacy. Located in the highly sought after community of Oak Creek. Oak Creek offers a beautiful clubhouse, resort style amenities with a resort style pool, splash pad, pool slide, gym, firepit, cabanas, playground and a dog park! Low HOA! Centrally located to schools, Hwy, Shopping areas and Restaurants. Schedule your showing today!
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.
