Designer details flow throughout this 2,700 SQFT Zengel built Tri-level in the heart of Pleasant Hill. From the moment you step inside, YOU GET IT! Natural Cedar, Shiplap accents & a new front door compliment the formal entry setting the stage for impressive spaces found throughout. Gleaming hardwoods flow into the massive living room complimented by indirect lighting, a handsome fireplace, built in shelving and a bay window for lots of natural light. White cabinetry lines the galley kitchen complete w/canned lighting, upgraded appliances & an adjacent breakfast room w/built in seating, pendant lighting and French doors extending to the 3 season enclosed patio! Outside, a recently added rear deck is sports a soothing hot tub and overlooks the large fenced yard with mature trees & garden house. Back inside, Gradual steps introduce the 2nd floor where 3 bedrooms and a renovated guest bath are found. The primary suite sports double closets w/organizers & a beautifully renovated ensuite bath. Space continues in the WALK OUT lower level housing bedroom #4, concealed laundry/storage, a bonus half bath, 2nd fireplace & MASSIVE family rm large enough to be utilized for 2 connective spaces. Consider options for rec, family, home office or gym. Game night just got better! Purchase confidently knowing efficiency is key w/dimensional roofing, replacement windows, upgraded HVAC/water heating systems & an updated breaker panel. Premium parking exists in the OVERSIZED 2 car garage w/replacement garage door, opener and secondary access to the rear sundeck! Upgraded lighting, fans, interior doors, freshly cleaned ductwork and exterior gutters complete the value. The details make the DIFFERENCE @ 85 Poinciana Dr serviced by Centerville Schools. Check us out! You’ll be glad you did.
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.
