Welcome to this custom luxury family home situated on 1.01 acres in the serene and sought-after Legacy Estates community. Thoughtfully designed for both everyday living and entertaining, this exceptional property offers 4 bedrooms, 4 full baths, an open-concept living area, media room, game room, private office, and an upstairs playroom. The interior blends modern elegance with timeless craftsmanship, featuring hand-scraped oak floors, high ceilings, and abundant natural light throughout. The gourmet kitchen is a chef’s dream, highlighted by a large bar island, custom tile backsplash, walk-in pantry, butler's pantry, WOLF range with double ovens and built-in wok station, and a Sub-Zero built-in refrigerator,freezer. This home is equipped with a full ELAN home automation system, providing centralized control of music across 13 listening zones, home theater, Lutron motorized shades, lighting, and three-zone climate control, offering both comfort and efficiency. The expansive primary suite serves as a private retreat, complete with a spa-inspired ensuite bath featuring a walk-in shower and a private coffee bar with built-in refrigerator. Three additional bedrooms and multiple flexible living spaces provide ample room for family, guests, and entertaining. Outdoor living is equally inviting with a large enclosed patio, ideal for morning coffee or evening relaxation while overlooking the spacious backyard. The property also includes a concrete storm shelter located in the backyard, offering added safety and peace of mind. Additional highlights include a massive 1,100 sq ft three-car garage with epoxy flooring, a 25kW Cummins whole-home generator with a 250-gallon underground propane tank, and a full irrigation system with dedicated tree bubblers. This home offers a rare combination of luxury finishes, advanced technology, and thoughtful design in a peaceful estate setting.
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.
