Welcome to Your Dream Home! Nestled in a highly sought-after community, this stunning stone facade home is more than just a property, it's a lifestyle waiting to be embraced. As you approach, the charm of this craftsman-inspired home and it’s inviting front porch invites you to explore all that lies within. Step inside to discover a beautifully bright and spacious haven that seamlessly combines modern elegance with classic comfort. The heart of the home is the expansive gourmet kitchen... a chef's dream come true! Featuring custom cabinets, luxurious quartz countertops, and top-of-the-line stainless steel appliances, it offers ample space for culinary creations and entertaining loved ones. The main level boasts a versatile private office that can easily serve as an additional bedroom, catering to your unique needs, whether it's working from home or hosting guests. Ascend to the upper level, where you will find the luxurious master suite, designed for relaxation and tranquility. Indulge in the spa-like master bath complete with dual vanities and a large spa shower. With two spacious walk-in closets, you'll never run out of storage space! Three additional generously sized upper-level bedrooms, each feature walk-in closets and share a large double vanity bathroom, ensures comfort and convenience for family and guests. Entertainment Ready- The fully finished lower level adds an impressive leisure space, perfect for family gatherings or movie nights. Enjoy a spacious recreation room, a dedicated private theater room, and an additional space that can be tailored to your needs, whether it’s for an office, gym, or playroom. With over 3,556 square feet of finished living space, this home provides an abundance of room for relaxation, entertainment, and everyday life. Top-Rated Schools, Community Center With Pool & Commuter Friendly Location. Don’t miss your chance to call this enchanting property your own.
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.
