2.75% Assumable Loan! Premium Lot! Whispering Pines is a serene community nestled in a 270-acre Black Forest Ponderosa Pine preserve with over 40 acres of parks and open space. Here, you'll have access to a clubhouse, a resort-style pool, and extensive walking trails that connect to regional trail systems. Just minutes from major retail, dining, and entertainment with easy access to E-470, perfect for the commuting professional. Situated against the stunning back drop of Ponderosa Pines, your new home awaits. Upon entry, your stress will melt away as you take in calm, soft, natural surroundings and the clean, welcoming and open spaces of this beautiful well maintained ranch style home. From the entry, you'll find the study which may also be used as an office or formal sitting room. Advancing through the home, you'll find the kitchen, which is framed in gorgeous espresso wood cabinetry over white quartz counters with stainless steel appliances that include a gas range, a central island, pantry and plenty of space for your inner chef to spread out and make a meal for family and friends. The kitchen overlooks the dining and family areas, where memories are just waiting to be made. This room is spacious and features a beautiful fireplace, 9 ft. ceilings, and many large windows as well as access to the back deck. Just down the hall, you'll find a dreamy show-stopping primary bedroom with walk in closet and ensuite bath featuring dual sink vanity and step in shower. There are two more bedrooms and a full bath central in the home. The full unfinished basement is waiting for your touches. From the family room, you'll have access to the extended, covered, back deck looking out the Preserve where you can linger, just a little longer, enjoying a cup of coffee or glass of wine while you immerse in your private sanctuary. This home has SMART features ie. garage doors, nest thermostat, and quantum fiber. Solar lease to be assumed by buyer.
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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