Welcome to this exquisite property located in the desirable Highlands community. This spacious home encompasses an impressive 4,024 square feet, situated on a generous 1.81 acres, providing a tranquil retreat just steps away from a vibrant neighborhood. Upon entering, you are greeted by an elegant foyer that leads to a thoughtfully designed layout. The first-floor primary bedroom includes a luxurious walk-in closet for your organizational needs, showcasing a commitment to comfort and convenience. The living areas feature soaring cathedral ceilings and an abundance of natural light, creating a bright and airy atmosphere throughout. The eat-in kitchen is a highlight, equipped with functional cabinetry and ample countertop space, perfect for culinary enthusiasts. The adjoining formal dining room provides an ideal setting for hosting gatherings. Additionally, the pantry enhances utility, ensuring that all essentials are within easy reach. Entertainment options abound with a dedicated theater/recreation room, perfect for movie nights or social gatherings. The fully finished basement not only expands the living space but also includes a full second kitchen, offering versatility for hosting guests or family events. Outdoor features elevate the living experience. Step out onto the deck to enjoy serene views of the well-manicured landscape, which is maintained by an efficient irrigation system. The property also boasts a hot tub, providing a perfect setting for relaxation after a long day. A detached 2-car garage adds convenience, while a standby generator ensures reliability throughout the seasons. Living in the Highlands community affords access to a wealth of amenities, including a clubhouse, golf course, jogging path, kiddie pool, and playground. Residents can also enjoy a swimming pool, professional management, and well-maintained tennis courts. This property represents an exceptional opportunity to embrace a lifestyle of comfort, versatility, and community. Schedule a tour today to experience this magnificent home.
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.
