Look no further!This one owner home has been loved and taken care of since the day the lot became available! It sits on an amazing corner lot, that backs to Eagleside Elementary. From the welcoming front porch you'll enter inside greeted with pride of ownership and obvious desire to pass on comfort and lasting enjoyment to the next owner. The spotless shining low maintenance wood laminate flooring throughout the main level living room, separate dining area, office, and family room is just the start. The expansive kitchen features stone/ceramic tile flooring, 3 walls of oak cabinets, all stainless steel appliances, granite countertops, kitchen island with granite top as well, and an amazing 8ftx6ft corner pantry and kick sweep! This kitchen is set up with room for informal dining and opens to a relaxing flex space with a full sized corner gas log fireplace. Also included, is the built-in surround sound system and Sony receiver which has speakers on the main level and upper level. There is also a window pass through to the office area to give the room a more open casual feel. From the kitchen/dining area there is a walkout to the back yard which features a full house length concrete patio (11X45!) partially covered. This extends to a poured concrete sidewalk along the side of the house to the front access gate. Back inside, and heading upstairs is a feature that cannot be ignored. On the split landing is an absolutely stunning solid wood encased full length mirror. This is the perfect preview of the spacious open loft with built-in speakers and can be used for so many purposes. Off to one side is the master bedroom suite with a private 5 piece bath to include double sinks and double walk-in closets and best of all, a walkout to the 18x8 private patio with trex decking, new railings, and recently added extra support beam. There are two more bedrooms with walk-in closets . And another bedroom with it's own private full bath! Brand new central vacuum! Just come see
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.
