Full brick construction, quality craftsmanship, and exceptional versatility come together on nearly an acre in a rapidly growing location! Additional 621 sq. ft. non HLA could be easily heated and cooled and an unheard of, 2245 sq.ft. of covered storage space! Built by a respected local home builder, this property reflects thoughtful design and lasting value throughout. The kitchen is a true highlight—spacious and highly functional with abundant cabinetry, generous counter space, stainless steel appliances, and a large center island that anchors the room. It connects seamlessly to the main living areas, creating an ideal setting for both daily living and entertaining. One of the most distinctive features of this home is the floor plan, offering a unique separation between the family room and dining area. Architectural wall placements provide definition without sacrificing flow, allowing each space to feel intentional yet connected. The family room showcases a striking brick fireplace that adds warmth and character, while the dining area is filled with natural light and offers an inviting atmosphere for gatherings. The former garage has been enclosed to create valuable flex space—ideal for a home office, gym, workshop, or additional living area. Outside, multiple metal garage buildings provide outstanding options for storage, hobbies, small business use, or recreational equipment, complemented by an attached two-car carport. Set on approximately one acre, the property offers privacy, usability, and room to expand or personalize. Conveniently located near Lake Norman, Denver, and major commuting routes, this home presents a rare opportunity to own a property with this level of flexibility, function, and quality construction in an area experiencing continued growth with potential commercial opportunity!
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.
