This beautifully designed craftsman offers 3 bedrooms, 2 full baths and a dedicated study, combining luxury finishes, thoughtful upgrades, and an exceptional floor plan. Filled with natural light, the open-concept layout features tall ceilings, wood-look tile flooring, decorative molding above the windows, designer lighting, and custom details throughout. The spacious living room is anchored by a stunning stacked-stone corner fireplace with a beautiful wood mantel and flows seamlessly into the dining area and chef-inspired kitchen. The kitchen offers gorgeous stone countertops, an oversized island, gas cooktop, Wi-Fi-enabled oven, dedicated coffee bar, walk-in pantry, shiplap accents, and abundant storage and prep space.The private primary suite features a vaulted ceiling and spa-like bath complete with a jetted soaking tub, walk-in shower, dual vanities, and generous storage. Two secondary bedrooms also feature vaulted ceilings, while the dedicated study with French doors provides the perfect home office or flex space. Additional highlights include wood-look blinds throughout, a true mud bench with hooks and storage, oversized laundry room with extra cabinetry, all-season exterior lighting package, home security system with three cameras, and a 3-car garage. Enjoy outdoor living on the covered back patio overlooking the fully fenced backyard. Residents have access to outstanding community amenities including a clubhouse, fitness center, swimming pool, walking trails, fishing pond, and playground. Offering comfort, style, and functionality in every detail, this move-in-ready home is one you won't want to miss.
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.
