Prepare to be amazed by the incredible amount of living space this beautifully appointed home provides. Designed with an open-concept flow and refined finishes throughout, this residence effortlessly blends elegance with everyday livability. The renovated kitchen is the heart of the home, featuring granite countertops, stainless steel appliances, 42-inch cabinetry, and a thoughtfully designed coffee bar. The kitchen opens seamlessly into expansive gathering spaces, including a large living room highlighted by a charming bay window and a separate formal dining room ideal for entertaining. A stunning great room addition creates an inviting retreat, anchored by a classic brick fireplace with mantel and French doors that open to the patio and pool deck — offering the perfect setting for indoor-outdoor entertaining. The main level offers four generously sized bedrooms and two full baths, including a luxurious primary suite with a beautifully renovated spa-inspired bath. Enjoy quartz-topped dual vanities, wide-plank tile flooring, and an oversized marble shower with frameless glass doors — a true private sanctuary. The expansive lower level delivers even more living space, featuring a massive recreation room centered around a second brick gas fireplace with granite-topped built-ins, a full bath, dedicated office space, and a spacious laundry room. A bright sunroom with sliding doors provides seamless access to the rear patio, further enhancing the home’s versatility. Step outside to a fully fenced backyard designed for privacy and peace of mind — ideal for relaxing evenings or lively gatherings. Above-ground pool (as-is) and deck remain in place, which only needs a new liner (all pool equipment can remain), however, removal of the pool can be negotiated. Additional upscale details include crown molding, chair rail accents, recessed lighting, ceramic tile baths, ceiling fan light fixtures, and a newer water heater. Ideally located near premier shopping, dining, and major commuter routes, this home offers both convenience and an exceptional lifestyle.
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.
