Discover an exceptional opportunity to own a beautifully maintained executive Craftsman home that blends timeless architectural detail with meaningful modern upgrades. Perfectly situated on a professionally landscaped corner cul-de-sac lot, the property welcomes you with flagstone steps, an expansive wraparound porch, and a spacious three-car garage. A striking two-story foyer opens to rich 3¼-inch site-finished hardwood floors extending throughout the main level. The elegant formal dining room is enhanced by upgraded Craftsman lighting, crown molding, and detailed trim work. The gourmet kitchen features gas cooking, upgraded cabinetry with crown molding, stainless steel appliances, a professional exhaust system, granite countertops accented with pendant lighting, and a large walk-in pantry. The kitchen overlooks a warm, inviting keeping room with a second fireplace wrapped in a ceramic surround and Craftsman-style mantle. The spacious family room showcases a beautiful stone fireplace, candle-style lighting, and extensive molding, with direct access to a generous rear deck ideal for entertaining. Hardwood stairs with iron spindles lead to the upper level, where a generous landing connects to a well-appointed laundry room and a luxurious primary suite featuring recessed ceilings with multilayered molding, dual 36-inch custom vanities, upgraded hardware, double ceramic tile floors, a Jacuzzi soaking tub, enlarged walk-in tile shower, and two exceptionally large walk-in closets. The secondary bedrooms are oversized and thoughtfully configured: one with a private ensuite and cultured marble vanity, another with abundant natural light and access to a full hall bath with dual tall vanities, and a third extra-large bedroom perfect for long-term guests or a teen suite. The fully finished walk-out terrace level offers LVP flooring, a large media/family room with backyard views, a spacious entertainment area with cabinetry, a bright bedroom with ample closet space, and an oversized full bath with brand-new vanity and tub/shower combo. Fresh interior paint, extensive recessed lighting, and a large storage closet prepped for an optional second laundry room add convenience and flexibility. Additional unfinished space provides outstanding storage capacity. The terrace level opens to a beautiful flagstone patio and walkway bordered by mature evergreens, creating a private, tranquil outdoor setting. The home has also been enhanced with custom plantation shutters and premium window blinds, brand-new carpet, a new upstairs A/C unit, and a professional radon remediation system. Exterior improvements include new landscaping, a structurally engineered retaining wall, an expanded patio and lower deck, and a full irrigation system. Major components have been updated as well, with the roof and water heater replaced approximately 3.5 years ago, offering reduced maintenance and long-term peace of mind. In addition to its numerous upgrades, this property presents a rare financial advantage—an assumable VA loan at an exceptionally low 2.75% interest rate, delivering substantial long-term savings compared to current market rates. A compelling combination of craftsmanship, extensive improvements, thoughtful outdoor living spaces, and an extraordinary financing opportunity—this home is truly an exceptional find for today’s discerning buyer.
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.
