This is the kind of home where everyone ends up gathering! Welcome to 8714 Wilmore Lane, a home that truly reflects pride of ownership, thoughtful upgrades, and a backyard that feels like a private retreat. Built in 2019 and beautifully enhanced since, this three-level home offers the perfect blend of comfortable everyday living and exceptional spaces for gathering, entertaining, and relaxing. The backyard is easily one of the standout features of this property. Backing to the woods and fully fenced, the outdoor space has been carefully designed to create a peaceful, private setting that feels like an extension of the home. Just off the main level, the covered rear deck provides the perfect place to enjoy morning coffee, quiet evenings, or watch gatherings unfold in the backyard below. The stamped concrete patio offers generous space for outdoor dining, entertaining, and relaxing, while the hot tub creates a true retreat at home. Garden beds and thoughtfully planned outdoor areas make the yard both beautiful and functional. With significant investment into the outdoor living spaces, this is truly one of the nicest and most usable yards you will find. Inside, the main level is designed for both everyday living and effortless entertaining. The chef’s kitchen is the centerpiece of the home, featuring upgraded cabinetry, beautiful countertops, and a large island with seating that naturally becomes the gathering spot for family and guests. The kitchen flows seamlessly into both the breakfast room and the spacious family room, creating an open and connected space where everyone can be together while still having room to spread out. Large windows bring in natural light, and design touches like shiplap accent walls add warmth and character throughout. Also on the main level is a private office with French doors, offering a quiet and functional work-from-home space or flexible room to suit your needs. The spacious dining room provides the perfect setting for holidays, celebrations, and hosting guests. Upstairs, the home continues to offer comfortable and spacious bedrooms, with brand new carpet. The attached garage includes attic storage, providing additional practical storage space. The finished basement adds yet another level of living and entertaining space, featuring Pergo flooring installed in 2023, a bar area for entertaining, and an additional storage room. Whether used as a recreation room, gathering space, or game room, the basement offers flexible space for a variety of needs. Additional improvements include the stamped concrete patio and hot tub area installed in 2020, basement flooring and bar added in 2023, and garage fans and attic flooring added in 2024. Located in a quiet, friendly neighborhood with community amenities including a pool and multiple playgrounds, the location offers the perfect balance of convenience and a tucked-away feel. Warm, welcoming, and thoughtfully improved over the years, this home has been a place for gathering, celebrating, and everyday living. It is now ready for its next chapter.
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.
