Set on 10 beautifully landscaped acres with walking trails, 7583 Coolidge Ln offers privacy, space, and unique character both inside and out. The property features a spacious deck with a pool built directly into the deck, creating an ideal outdoor retreat for relaxing or entertaining. A storage shed with garage doors, two carports, and two attached garages provide abundant storage and parking options, making the property as practical as it is peaceful. Inside, the home welcomes you with a living room and kitchen area just as you walk in, creating an open and inviting first impression. Immediately drawing your eye is a striking spiral staircase that serves as the home's only interior access to the second floor and acts as a dramatic architectural centerpiece. The living room and kitchen flow naturally into a large dining room filled with natural light, centered by three doors that open the room to the outdoors and give the space a bright, airy feel that is perfect for gatherings. The primary suite is designed for comfort, featuring a tile soaking tub and a separate walk-in shower for a spa-like retreat. One of the additional bedrooms offers its own private deck with a sliding glass door, providing a peaceful outdoor escape right from the room. Just off this bedroom is another bathroom that includes a walk-in closet and a distinctive stone tub, adding character and charm. The third bedroom includes a spacious living area, offering flexible space that could serve as a sitting room, office, or additional living space. The spiral staircase leads to an upstairs loft that opens to a balcony overlooking the property, providing a quiet place to enjoy the surrounding land and scenic setting. With 10 acres of well-maintained land, walking trails, multiple outdoor living areas, and a home full of distinctive spaces, 7583 Coolidge Ln offers a rare blend of privacy, functionality, and character just waiting to be enjoyed.
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.
