For more information please reach out to the listing agent directly if you are not currently represented by an agent. Looking for a great 2 story home nestled on a quiet cul-de-sac in the desirable Walden Trace subdivision of Pike Township. This home features a finished basement & great outdoor space for entertaining/relaxing and over 2700 square feet of living space. This well maintained 4 bedroom 3.5 bath home can be 5 bedrooms if an egress is added in the basement can be yours. The current owners of this home updated light fixtures, toilets and added laminate floors. The finished basement adds additional living space separated from the other 2 floors. The basement includes a bonus room that is currently being used as a bedroom since it does have a large closet. There is a full bathroom so guest can have their own space. Entertain in this space as it includes a bar and wine fridge. The perfect man cave, guest quarters or she shed (but in the basement ;) Sit back and enjoy a cup of coffee in front of the fireplace in the living room, on the covered front porch or on the massive deck-storage is not an issue in this home as it was well thought out by the builder with a large mud room, garage, multiple closets, walk in closets in all bedrooms and a large pantry. All stainless steel appliances in the kitchen were purchased within the last 6 months and they are included with the property as well as the washer and dryer. All bedrooms have overhead lights. Lets talk about the luxurious primary bedroom that includes a walk in closet and En suite with double vanities and additional linen storage. The backyard borders a large common space which insures lots of privacy and no neighbors directly behind. Enjoy the space but you dont have to worry about maintaining Located just minutes from Eagle Creek Park, Traders Point shopping and dining, and convenient I-465 access. Top Rated Schools
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.
