Located on a quiet cul-de-sac in upscale Lone Tree, this meticulously maintained and updated home backs to open space and has city, mountain, and bluff views. The grand foyer welcomes you with abundant light from a wall of windows, soaring 20’ ceilings, and gracefully curved staircase. The wide plank wood floors provide a natural warmth yet modern feel. The heart of the home is the gourmet kitchen, with professional grade stainless steel appliances, walk-in pantry, an oversized island, quartz countertops and custom cabinetry including a built-in deluxe wine cooler. The seamless transition into the family room- showcasing a gas fireplace and modernized alcove to accommodate today’s expansive media centers – make this space ideal for both intimate gatherings and large-scale entertaining. The main floor also highlights a dedicated executive office, bonus/bedroom and remodeled laundry/mudroom. Upstairs, the primary suite is a private retreat with incredible views, a second office, seating area by the fireplace, generous dual closets, and a renovated bathroom with jetted tub, custom cabinets, quartz counters and marble tile shower. Additionally, there are 3 spacious bedrooms, 2 updated baths and a loft with brand new luxury carpeting throughout. The walk-out basement is an entertainment hub, featuring a game room with included pool and ping pong tables, retro-style wet bar, and media area perfect for movie night. A large flex room currently serves as a home gym and craft room. The bedroom and bathroom (with steam shower) are ideal for guests or multigenerational living. Abundant storage on every level adds flexibility without sacrificing living space. Additional highlights include modern door hardware, designer lighting, plantation shutters, new windows, and a south-facing 3-car garage (minimal shoveling). Steps away from hiking and biking trails. Visit the virtual tour at 7923Witney.com.
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.
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