Nestled beneath mature shade trees and blooming landscape at the end of a long private driveway, this beautifully remodeled 3-bedroom, 2.5 bath home offers comfort, style and exceptional character. From the moment you step inside, your eyes are drawn to the soaring cathedral ceiling with exposed wood beams and the dramatic oversized picture windows topped with transoms, filling the great room with natural light. A charming brick fireplace with wood stove insert creates the perfect cozy gathering space for cooler evenings. Just beyond the great room, the stunning renovated kitchen is sure to impress with NEW soft-close cabinetry, a NEW contrasting island with breakfast bar, NEW stainless-steel appliances, NEW farmhouse sink with NEW faucet, NEW solid surface countertops, NEW tiled backsplash, NEW stylish light fixtures and NEW ceiling fan, and soaring ceilings accented with wood beams. Off the kitchen, a versatile mudroom provides access to the two-car garage and offers endless possibilities for added storage by adding hooks for coats, purses, and bookbags. Another door leads to the patio overlooking the large, private wooded backyard. A bonus room nearby could serve perfectly as a walk-in pantry, home office, or computer room. The conveniently located laundry room makes multitasking easy, and a beautifully updated power room features a NEW vanity and NEW toilet. Down the hallway from the great room, you'll find three spacious bedrooms and two fully renovated bathrooms. The guest bath showcases a NEW vanity with solid surface countertop, NEW faucet, NEW tiled shower with NEW faucet and soap niche, NEW toilet, and NEW tiled flooring. An ironing closet with a drop-down ironing board provides smart storage for cleaning essentials and household items. The primary suite offers a walk-in closet and a spa-inspired ensuite bath featuring a NEW vanity with solid surface countertop, NEW faucet, beautifully NEW tiled walk-in shower with oversized showerhead and shampoo niche, NEW tiled flooring, and NEW sleek shower door. Additional updates include NEW interior paint, NEW light fixtures and NEW flooring throughout, NEW windows and NEW exterior doors. Outside, enjoy the peaceful wooded lot with plenty of shade and space for gardening, play, or simply maintaining natural privacy. A 20X10 outbuilding provides excellent storage for lawn equipment and tools. NEW exterior paint and NEW gutters add even more value and peace of mind. Located minutes from Downtown LaGrange in a quiet lake community, this home offers convenient access to shopping, dining, recreation, and more, all while being zoned for Hillcrest Elementary, Gardner Newman Middle, and LaGrange High School.
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.
