Professional photos coming soon! Stunning Lehigh model located on a quiet cul-de-sac in the highly desirable Blackburn community. This expansive home offers 4 bedrooms on the upper level, plus a flexible loft/office that can be converted into a legal 5th bedroom. The luxurious primary suite features two walk-in closets, an elegant tray ceiling, and a spa-like en-suite bathroom with dual shower heads, a built-in bench, and generous countertop space. The upper level also includes two additional full bathrooms, including a private princess suite, and a convenient upstairs laundry room equipped with high-end Whirlpool appliances, built-in cabinetry, and ample storage. The main level showcases a beautiful open-concept gourmet kitchen flowing into a bright family room highlighted by a warm, cozy gas fireplace, along with a private study/den ideal for working from home, homeschooling, or use as a main-level guest space. The home features the upgraded interior door package throughout, adding a polished, high-end feel. The large finished basement includes a full bathroom, abundant storage, and space to add an additional legal bedroom, offering potential for up to 6 bedrooms. Outdoor living is exceptional with a custom composite deck featuring lit stairs, a dedicated grill platform, and a custom stamped concrete patio with built-in fire pit, all overlooking a flat, fully fenced backyard. Community living shines here as well, with access to a clubhouse featuring a gym, pool, party room, and multiple playgrounds, plus walking trails and scenic common areas, all conveniently located near shopping, dining, and major commuter routes.
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.
