Refined elegance and understated sophistication define this impeccably remodeled ranch-style home in The Timbers. From the moment you enter, soaring ceilings and a wall of windows draw your eye outward to the expansive backyard framed by mature trees, creating a sense of openness and quiet privacy. The main living spaces have been thoughtfully designed to flow with ease. The family room, kitchen, and dining area connect seamlessly, offering both comfort for daily living and a natural setting for gathering. Just beyond, a covered deck extends the living space outdoors, creating an effortless transition for dining and grilling in a setting that feels both functional and inviting. A private main-level office offers a quiet place to work, complemented by its own outdoor retreat—an ideal space to step away and recharge. The primary suite is designed as a true escape, complete with a gas fireplace, direct access to a private covered patio, and a spa-inspired five-piece bath featuring a spacious steam shower. There are two steam showers in the home. Care and attention to detail continue throughout the home. All windows have been recently replaced with fiberglass casement windows, and new Pella sliding doors enhance both comfort and efficiency. The mudroom, drop zone, and laundry room are thoughtfully arranged for everyday ease, with the laundry room offering direct access to the covered patio. The walkout lower level is designed with entertaining and flexibility in mind. It features three additional bedrooms, including a guest suite with a private three-quarter bath, also with a steam shower, along with a Jack-and-Jill full bath serving the remaining bedrooms. A well-appointed wet bar with a dishwasher and beverage refrigerator anchors the space, while the open layout provides ample room for games and gathering. A tiered movie room completes the level, offering a comfortable setting for relaxed evenings at home. There are two wet bars in the house. Fenced backyard.
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.
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