THIS OUTSTANDING VALUE in LAKESHORE RANCH is not only BEAUTIFUL, it's PRACTICAL. You will have a home with lots of room and easy maintenance located in A-rated school districts and in a well regarded community - ponds views, green space, premier amenities are its calling card. Well located 4BR/4Bath, 3270 SF with no wasted space PLUS a traditional 3CG & Screened Pool on a premium, fenced corner lot with a water view! All areas and rooms in this home are large. No cramped or tight spaces. The first floor entry is adjacent to the flex room. Just past the flex room is a full bath leading to the gathering room. The gathering room is open to the dining area and fabulous island kitchen. There are sliders to the pool & patio area and swimmers can be observed from the kitchen windows. Upstairs is a haven for privacy and comfort. The primary suite is separated from the Secondary Bedrooms by the loft area and switchback stairwell. Three full baths, the primary bedroom suite and 3 secondary bedrooms complete the upstairs. The primary bath has a large tiled shower, separate W/C, and Double Vanity nooks. The primary bedroom easily accomodates all the furniture you need. Two Large Walk-In Closets plus 2 separate Linen/Accessory closets offer an unbeatable amount of storage. If its doesn't fit, you may need to donate! Neutral Tile floors downstairs offers easy maintenance. Warm wood-look flooring upstairs complete the comfortable, calm and private feel of the second story. No carpet! The Pool & Patio Area is spacious and has a great view of the pond. You have space for a garden and room for pets. The rear yard is fenced and has gates on both side of the house for convenience. Everything good happens in the Island Kitchen where double oven, cooktop, yards of counter space and extra cabinetry makes it easy. The two large pantries just off the cooking area can hold all the specialty cookware & serving dishes, and you can drop the bulk items at the door as the kitchen opens to the garage. Hanging storage in the garage will keep your life organized. Gas Hot Water Heater, Zoned A/C units with gas heaters. If you want a forever (or forever for now) home, this is it.
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.
