Step into this better-than-new home in the highly sought after master-planned community of Connerton. Where modern upgrades, pristine finishes and thoughtful design come together to create a space that truly feels like a brand-new home without the wait. This meticulously kept 4 bedroom, 2.5 bath home boasts many custom upgrades such a stylish, built-in fireplace with a wood mantle, book ended with light sconces. The upgraded kitchen includes quartz countertops, ceiling height cabinetry, stainless steel appliances, a designer backsplash, a large island with seating and a spacious pantry. The inviting eat-in kitchen area is just off the expansive backyard retreat showcasing a custom-built pergola with optional curtains, elegant pavers, and ample space for play or entertaining, including a playground. The second story houses all 4 bedrooms a spacious laundry room and a cozy loft with an upgraded custom wood accent on the wall. The master suite includes custom board and batten detail, an impressive walk-in closet with custom shelving and a roomy bathroom that includes a glass enclosed shower and a garden tub. A mudroom with custom board and batten and a floating wood bench greets you when you walk in from the garage. The garage has been transformed into an incredible man-cave style retreat, complete with sleek epoxy floors and a TV - perfect for game days, movie nights, or a versatile bonus space. To convert this back into a garage, all you need to do is drive your car in. This house offers plantation shutters throughout, upgraded luxury vinyl plank flooring throughout the first floor and stairs, an abundance of storage, rain gutters, and reverse osmosis in the kitchen sink. The exterior of this house was just fully painted in 2024. Connerton residents can enjoy access to soon-to-be three clubhouses with resort-style pools, lap pools, splash pads, fitness centers, cafes, business centers, playgrounds, dog parks and over 10 miles of scenic walking and biking trails. Top-rated schools, including an onsite elementary and new charter school, make this community a perfect place to call 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.
