Welcome home to this beautifully updated oversized split-level in Justice, offering nearly 1,400 square feet of living space plus a spacious lower level for extra comfort and functionality. Updated in 2019, this home combines modern design, warm finishes, and a versatile layout perfect for today's lifestyle. Step inside to a bright open-concept living area featuring a cozy fireplace and large windows that fill the space with natural light. The living room flows seamlessly into the updated kitchen, which showcases white cabinetry, stainless steel appliances, a large island with breakfast bar seating, a wall of pantry storage, and a stylish tile backsplash. A window over the sink offers a peaceful view of the backyard, and just off the kitchen, you'll find an additional flex room that can serve as a dining room, sunroom, or home office-the perfect spot to relax or entertain. The lower level provides even more living space, featuring a comfortable family room with wood laminate flooring, a full bath with an updated vanity, and modern fixtures that make this area ideal for gatherings or overnight guests. Upstairs, you'll find three bedrooms with dark wood laminate flooring and a full main bath that includes a double vanity, tiled shower/tub combo, and updated finishes, creating a space that feels both stylish and functional. Step outside to enjoy the oversized deck, perfect for summer barbecues or quiet evenings under the stars. The large, fully paved driveway leads to a detached 2.5-car garage with an attached storage shed, giving you plenty of space for vehicles, tools, and equipment. The private backyard offers a beautiful open view with no neighbors directly behind, enhancing your sense of peace and privacy. Conveniently located just down the street from a park and the local library and around the corner from an elementary school, this home provides easy access to everything your family needs. With its combination of space and location, this Justice home is the perfect blend of comfort and convenience. Don't delay, show 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.
