Space, upgrades, and flexibility—all on nearly three-quarters of an acre. This well-maintained 3-bedroom, 2-bath home built in 2005 offers an impressive 2,773 square feet of living space and 3,684 square feet under roof, giving you the room to live, work, and entertain comfortably. Step inside and you’ll immediately notice the abundance of natural light, enhanced by solar tubes in the kitchen and both bathrooms. The updated kitchen features granite countertops, a large pantry, and a bright breakfast nook, making it both functional and inviting for everyday living. The layout is ideal for those who appreciate multiple living spaces, with both a separate living room and family room. The family room is anchored by a cozy gas fireplace, creating the perfect place to relax or gather with guests. A versatile bonus room with tray ceilings and its own AC split system offers endless possibilities—home office, media room, hobby space, or guest retreat. The oversized primary suite (21x18) provides a true retreat and includes an incredible 6x20 walk-in closet that offers exceptional storage space. Plantation shutters throughout the home—including the garage—add both style and privacy. Additional features include laminate flooring through most of the home including the 2nd bedroom, tile in the bonus room, and carpet in the primary and 3rd bedrooms as well as the main living areas. A sliding barn door adds character while allowing you to easily close off the kitchen and living areas when desired. Outside, the home continues to impress with an extra-long driveway for ample guest parking and an oversized side-entry garage with a workshop area, perfect for projects or additional storage. Important updates have already been taken care of, including a new roof and AC system in 2019, plus a whole-house water softener system. For additional peace of mind, the home is equipped with a Generac propane generator to keep things running during power outages. A full-size washer, dryer, and freezer will also convey with the sale. Do you and your family love sports? The Belleview Sportsplex is located minutes away offering football, soccer, baseball, softball, basketball and more! Homes offering this much interior space, flexible living areas, and a large lot are becoming harder to find. Come see in person how much this property truly has to offer—schedule your private 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.
