Welcome to 8733 Cobble Drive!Built in 2022, this stunning 4-bedroom, 3.5-bath home offers a perfect blend of modern design, comfort, and high-end upgrades. With over 2,320 sq. ft. above grade and an additional 875 finished sq. ft. in the lower level, this home provides generous living space for today's lifestyle.The sellers spared no expensea"investing more than $150,000 in upgrades during construction and additional improvements after closing. Upgrades after closing include, a vinyl privacy fence, a retractable remote-controlled awning off the deck, a second water meter for irrigation, and meticulous landscaping. A full list of upgrades is available on the MLS or by request.The main floor features a cozy living room with a gas fireplace, a flexible dining room or office, and a beautifully kitchen with quartz countertops and stainless steel appliances. The spacious primary ensuite is also on the main floor, along with a convenient laundry room.Upstairs, you'll find two large bedrooms, a full bath, and a versatile bonus area ideal for a TV room, office, playroom, or reading nook. The lower level features an additional large bedroom, a full bathroom, a great room for entertaining, ample storage, and a dual-zone heating system for year-round comfort. Enjoy outdoor living on the 14x14 deck overlooking a large, fenced backyard with a patio perfect for relaxing or entertaining. This home truly stands out in terms of quality and attention to detail, offering a modern, move-in-ready home that's better than new.
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.
