Welcome to Millers Island and this truly exceptional 4-bedroom, 2 full and 1 half-bathroom home, extensively upgraded and overimproved by the current owner with premium materials, finishes, and craftsmanship throughout. Situated on a premium lot backing to beautiful trees, this property offers the perfect combination of luxury, privacy, and resort-style outdoor living. The stunning curb appeal begins with professionally designed landscaping, a fully landscaped front garden, decorative paver walkways, and a welcoming covered front porch. Extensive landscaping surrounds the property, creating a picturesque setting from every angle. Step inside to discover beautiful hardwood flooring and crown molding throughout the home. The open-concept main level features a spacious living room and kitchen combination designed for both everyday living and entertaining. The gourmet kitchen has been completely upgraded and showcases quartz countertops, a glass tile backsplash, a gas range, and premium Samsung Bespoke appliances. These highly customizable, panel-ready appliances offer a range of colors and finishes, creating a sophisticated, modern kitchen unlike any other. A convenient half bathroom is also located on the main level. The main-level bedroom offers barn-door closets and custom built-in storage, providing flexibility for guests, a home office, or multi-generational living. Upstairs, you'll find three additional bedrooms, two full bathrooms, and a conveniently located laundry room. The Samsung washer and dryer are only two years old and come with the property. The spacious primary suite features a walk-in closet and a beautifully remodeled luxury bathroom complete with a soaking tub, stand-up shower, dual vanity sinks, and premium finishes throughout. The finished lower level adds approximately 600 square feet of additional living space and features a large den with its own mini-split heating and air conditioning system. A sliding glass door provides direct access to the backyard oasis, seamlessly connecting indoor and outdoor living. The outdoor amenities are truly spectacular. The owner installed a heated in-ground saltwater swimming pool surrounded by a fully enclosed fenced backyard featuring attractive solar fence caps. A paver patio beneath the deck creates the perfect space for entertaining, while the included 8-person all-season hot tub, only four years old, provides year-round enjoyment. The private wooded backdrop creates a peaceful retreat rarely found in the community. Additional upgrades include premium remodeled bathrooms, painted foundation walls, a buried 500-gallon propane tank, a tankless propane water heater, and an efficient heat pump with propane backup heating system. This one-of-a-kind Millers Island property offers luxury upgrades, exceptional outdoor living spaces, premium systems, and a private setting that sets it apart from the competition. The seller is offering $10,000 toward closing with an acceptable offer. Simply move in and enjoy everything this remarkable home has to offer.
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.
