Offer Received! Please Subnmit Your Highest and Best ASAP! Welcome to 7509 Nunsland Dr., where you’ll immediately notice the brand new carpet and fresh interior paint that make this home truly move in ready. Buyers ask about the special incentive offered when using the seller’s preferred lender, adding even more value to this already appealing home. From the moment you arrive, you’ll appreciate the charming brick exterior, mature landscaping, medium sized trees, and inviting curb appeal, complemented by partial gutters. With a southwest facing orientation, the home enjoys abundant natural light throughout the day. Step inside to find rich wood flooring flowing through the main living areas, including a dedicated office and formal dining room. Crown molding on the first floor adds an elegant touch, while the spacious living room features a cozy wood burning fireplace and ceiling fan, perfect for relaxing or entertaining guests. The kitchen is designed for both everyday living and hosting, complete with granite countertops, a center island, electric range, built in microwave, recessed lighting, and a bright breakfast area overlooking the backyard. Upstairs, you’ll find a versatile game room with new carpet and a ceiling fan, ideal for a media space or play area. The primary suite offers a private retreat with a bump out sitting area, ceiling fan, and generous space. The ensuite bathroom features tile flooring, dual sinks with quartz countertops, a soaking tub, and a separate shower. Secondary bedrooms include walk in closets and share a full bath with a tub shower combo. Additional highlights include an epoxy coated garage floor, garage door opener, and convenient storage racks, along with a laundry room with electric connections. Enjoy outdoor living in the backyard with an extended epoxy patio, pergola, fire pit, and mature trees, perfect for gatherings or quiet evenings.
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.
