Modern Country Charm with Serious Elbow Room!Get ready to fall in love with this modern country stunner that serves up serious curb appeal! From the picture-perfect landscaping to the front porch (practically begging for a pair of rocking chairs), this home is an absolute vibe. Situated on over half an acre, you get all the peace and quiet you crave with neighbors who aren't right on top of you. Around back, your massive, privacy-fenced yard and covered patio are ready for epic weekend BBQs, fetch sessions with the pup, or just lounging in total seclusion.The Ultimate Entertainer’s LayoutInside, it’s the perfect mix of "fancy" and "let's hang out." Host holiday dinners in the dining room, complete with upscale wainscoting and a coffered ceiling that brings all the design drama. Ready to keep it casual? The kitchen is the ultimate social hotspot, featuring granite counters, a central island with seating, and extra seating at the bar—because you can never have too many spots for snacks and gossip. Best of all, it opens right into the living room, where soaring vaulted ceilings give the whole space a bright energy.Main-Floor Luxury & Space to PlayWhen it’s time to wind down, the main-floor primary suite is your personal sanctuary. Enjoy a stylish tray ceiling, a huge walk-in closet, and a spa-like bath with a deep garden tub and separate shower. Also downstairs, you'll find the laundry room and a half bath for guests.Head upstairs to discover a massive family/flex room—think ultimate game zone, home theater, or yoga studio. Two more spacious bedrooms and another full bath mean everyone gets their own space to stretch out and do their thing.The Verdict: Space to roam, high-end style, and zero neighbor awkwardness. This one is a total crowd-pleaser! Welcome Home! AGENTS-not a member of MLS? Within 1 mile of VAD. Call Showing Time for access/disclosures.
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.
