“A True Architectural Standout”, this residence pairs a premier location with a completely unique layout. While its origins are that of a traditional colonial, the home has been masterfully reimagined via a full-length rear addition. This transformation creates a sophisticated “Entertainer’s Dream”, defined by dramatic volume ceilings, high end finishes and a seamless flow meticulously designed for hosting large gatherings. Nestled on 1.6 park-like acres, this home offers unparalleled serenity, bordering 4.9 acres of pristine, wooded conservation space accessible thru your own private back gate. It is a sanctuary of picturesque privacy and woodland ambiance, where the only sound you hear is the tranquil quiet of nature. A paver walkway takes you to a double door entry and deep front covered porch. Stepping into the foyer you will find a turned staircase with wood handrails and bullnose, custom wainscoting and crown moldings. To the left, the formal living rm offers versatile elegance, it is currently styled with an expansive dining table, demonstrating the home’s incredible capacity for hosting large scale dinner parties. The spacious Morning & Great Rm serves as the heart of the home, featuring a massive breakfast bar with integrated custom cabinetry. This social hub seamlessly transitions into a large kitchen with numerous cabinets, a double pantry & a separate island, creating an ideal layout for conversing with guests while preparing meals. Completing this entertainer’s space is an elegant L-shaped wet bar & wine station, perfectly positioned for hosting large scale events. All surfaces in all three spaces are adorned with beautiful granite. Move into the family rm & you’ll find a floor to ceiling fireplace, featuring a soft whitewashed brick finish that balances rustic charm with modern elegance. Take a couple steps down to the 1st floor office, tucked away from the main living areas, offering a quiet retreat with soaring ceilings, closet storage and rich hardwood floors. Adjacent, the completely remodeled powder room features designer fixtures and custom shiplap walls. Practical luxury continues in the fully renovated mudroom and laundry hub, featuring garage access and a convenient exterior door to the rear yard and pool area. This organized space is finished with five custom upper cabinets, a dedicated wash sink and a sleek granite folding station. The oversized side entry 2 car garage with openers features; epoxy floors, built in work bench and cabinets. The upper level reveals a primary wing designed for ultimate comfort, featuring a spacious dressing area, a large walk-in closet & a secondary double closet. A completely renovated ensuite serves as a private spa like retreat, showcasing marble inspired flooring, floor to ceiling tiled shower walls, modern fixtures, & granite topped vanities. 3 additional guest bedrooms offer generous proportions and ample natural light, accompanied by a large, well appointed hall bath. The upper hall is finished with custom moldings, maintaining the home’s signature theme of refined elegance. Don’t miss the versatile lower level, featuring a beautifully finished basement, the ultimate “Chill or Kid Zone” & game room. This offers an additional 492 sf, the perfect secondary family rm for movie nights. A dedicated large storage room for seasonal items, complemented by a fully accessible crawl space for additional storage. Summer is truly Sensational in this backyard oasis, meticulously designed for casual poolside living & high end outdoor entertaining. The sparkling inground pool, is framed by a charming pergola and professional landscaping. Transition seamlessly from the pool to the composite deck with designer railings and hot tub. The massive, rear yard offers a rare playground for active living. Backing directly to protected conservation land & absolute privacy and the tranquil beauty of your own wooded sanctuary to enjoy through all seasons!
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.
