Welcome home to Aspen Ridge! Nestled in the heart of Eagle Creek, Red Bluff Dr. offers a blend of space and comfort. This inviting home offers a canvas for creating lasting memories! 3BR and 2.5BA provide ample space for rest and rejuvenation. Upon entering, you are greeted by soaring ceilings in the living room and sweeping views of the home. Gleaming wood flooring and fresh paint compliment the space. A traditionally formal dining space provides the perfect spot for hosting holiday dinners. Pass through the dining space to the updated kitchen, complete with newer SS appliances and a pantry. If you like cook, you will appreciate the ample countertop space! The kitchen is open to the family room. This warm and inviting space offers several eye-catching architectural features; vaulted ceiling, large windows, wood-burning fireplace and your very own interior balcony that peaks down from the second floor. The second floor living area is flexible. The primary BR offers a private bath w/ a garden tub, separate shower and large walk-in closet. There's an additional large BR. The third BR is currently designed as a loft; one wall is open to the living room below. It has a large closet & can be easily converted back to an enclosed BR if that is your preference. If you need additional living space, the finished basement is for you! Game room, theater, gym...whatever your needs are. Summers will be quite enjoyable with the two-tiered deck and fully-fenced backyard! The storage shed has electrical ran to it if you're in need of a work area as well! Eagle Creek park is 5,300 acres and dotted in trails. If you're the outdoors type, this is the perfect place to call home! Close the I-465, restaurants and shopping...don't let this one pass you by!
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.
