ROOM FOR EVERYONE in this 5 Bedroom/4 Full bath home offering over 3,600 square feet! Enter under a covered front porch into a formal foyer entry and come home! For guests, enjoy a guest bedroom and full bath on the main level - also perfect for a home office if needed. The family room is spacious and open to the kitchen and informal dining area for easy gathering and entertaining. The family room features a cozy corner fireplace and access to the rear screened porch. The kitchen offers plentiful cabinetry, an island with seating, sleek tile backsplash, a pantry, and all stainless steel appliances are included - including the upgraded refrigerator. There's ample room to dine in the large formal dining room, or choose the more casual dining area in the kitchen area. Upstairs you'll find an oversized loft/flex space - the perfect playroom or den for upstairs. There's three secondary bedrooms upstairs, one with a private ensuite bath, and the primary suite. The primary suite is a generous size and features a tray ceiling, ensuite bath with tile floors, dual sink vanity, soaking tub, separate oversized tile shower, and a large walk in closet with complete organization system. The laundry room offers a tile floor, a folding counter, cabinetry, and the washer and dryer stay too! All bathrooms offer tile floors and the main living areas features LVP flooring throughout! Outside you'll find a peaceful screened porch, the covered front porch, a 2 car garage, and a storage building already in place! The exterior of the home is sturdy Hardie siding and there's a brick water table on all 4 sides. The lawn is spacious and offers ample room to play! Amenity packed community of Heron Bay, offering the 1,100 Cole Reservoir with a lakeside park and pavilion, a beautifully maintained golf course, an aquatic center with pool and slides, tennis courts, nature trails, miles of sidewalks, a community Lodge, playgrounds, and more. Shopping and dining are within 5 minutes of home with a nearby Publix and Kroger under construction as of listing.
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.
