Living large in Eagle's View! Built by EG Stoltzfus in 2013 with extra bump-outs and a fully finished basement, this home has it all! Enjoy close proximity to commuter routes, shopping, and restaurants while living tucked away in a walkable neighborhood. The property backs up to green space owned by the township, but you will have plenty of privacy with the mature evergreens at the property line. Step into the entry way and to find the dining room on the right, powder room and kitchen directly in front of you, and the den on the left. Connecting the dining room and den is the family room with a gas fireplace for cozy winter evenings and plenty of space for your sectional sofa. Scope out the granite countertops in the kitchen with an island that seats four (stools convey), plenty of cupboard space, a gas stove, and easy access to the two-car garage and main level laundry room. The lower level is almost fully finished with a large dry bar, a powder room, and tons of space for whatever activities you enjoy. On the upper level, you will find four spacious bedrooms (3 with walk-in closets), including a primary bedroom with its own bathroom that provides a step-in shower. Tour the fenced backyard with its inviting saltwater pool, stamped concrete patio, storage shed, and covered pavilion. Rapidly rising electric costs are not a problem with solar panels - lock in your monthly rate and even earn bonus payments (see MLS docs for details and talk to your agent). With more square footage than is typical of this development, you will have plenty of space to spread out and enjoy the best that Eagle’s View has to offer.
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.
