This modern mid-century masterpiece stands as a true architectural showpiece, blending striking character with effortless functionality in a highly sought-after neighborhood. Situated on a quiet street bordered by a serene creek and mature trees, the property offers a rare natural buffer of privacy complemented by peaceful lake views from the covered balcony. The main level invites you into an expansive great room that flows seamlessly to a private deck, anchored by a chef's kitchen featuring sleek concrete countertops, white shaker cabinets, and premium stainless appliances with a gas range. Retreat to the main-floor primary suite, a true sanctuary boasting a massive walk-in closet and a spa-like ensuite with a dual vanity and an oversized tiled rainfall shower. Upstairs, three generous guest bedrooms enjoy easy access to two beautifully updated bathrooms. Designed for both sophisticated living and high-end hosting, the recently remodeled walk-out lower level features durable tile floors, a dedicated home gym, a flexible fifth bedroom, and a stylish bar (which can convey). Outside, the backyard serves as a tucked-away sanctuary with a built-in firepit nestled under towering trees and a modern privacy fence. The excellence of this home extends to its "solid bones," featuring energy-efficient cement-block construction, a north/south orientation to minimize heat gain, a tankless water heater, and a durable metal roof. With over 4,400 sq. ft. of refined living space, exceptional storage--including a large locking gear room--and an unbeatable price per square foot, this home delivers a lifestyle of unparalleled comfort. Experience the pinnacle of contemporary design today; a home of this caliber is a rare find. Tour today!
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.
