If backyard living tops your wishlist, this Ashley Pointe home delivers. With a saltwater pool (complete with a heater), a full outdoor kitchen, and a spacious interior layout, this 4-bedroom, 3-bath brick home combines everyday comfort with weekend-ready features inside and out. Tile flooring runs throughout the home, creating a clean flow from room to room. The main living area features high ceilings, a ceiling fan, and a tiled accent wall that adds just the right amount of texture. The kitchen is thoughtfully designed with stone countertops, stainless steel appliances, light cabinetry, a tile backsplash, and an arched window that brings in soft natural light. There’s bar seating plus a breakfast nook for easy meals. The layout flows seamlessly into the family room and a bonus flex space with a half bath, a light brick accent wall, and double doors that open directly to the backyard. It’s a great spot for hosting guests, game nights, or creating your own studio space. The primary suite includes two walk-in closets and a private bath with a tiled shower and built-in niche. All additional bedrooms feature customized closets, providing smart storage and everyday convenience. The guest bath showcases modern tile and fixtures, and the dedicated laundry room includes built-in cabinets to keep everything organized. Step outside to a true backyard retreat: a heated saltwater pool with lighting, an outdoor shower and half bath, a full stone kitchen with grill and sink, and a large wood pergola over paved patio space. Vinyl fencing ensures privacy, and the 15x15 storage building provides plenty of room for tools, equipment, or hobbies. Recent updates include a new AC in 2024 and a 2019 roof. With nearby parks, trails, shopping, dining, and Lakeside Village just minutes away, you’re close to everything. Ready to see it in person? Let’s schedule a showing.
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.
