**Buyer will receive an American Homeshield 1 year home warranty at closing.** Welcome to this move-in ready, single-story home featuring an open floorplan that perfectly blends elegance, comfort, and modern everyday functionality. As you enter the home, you'll love the grand space with beautiful tray ceilings which can be a formal dining space or even a 2nd living area (use your imagination to create your own personal space). Soaring ceilings and tile flooring throughout the main living areas with a wall of windows provides natural light inside. The spacious kitchen offers granite countertops, gas cooking, double ovens, a built-in desk and a large center island that seamlessly connects to both the family room and breakfast area-ideal for entertaining guests or preparing family meals. The large, private primary suite is thoughtfully separated from the secondary bedrooms and has a tray ceiling accented with crown molding. The luxurious en-suite bath features a double vanity, an oversized walk-in shower with bench seating and frameless glass, a water closet, and a generous walk-in closet. A flexible 4th bedroom (with closet) can easily serve as a home office/study or guest room depending on your needs. Step outside to enjoy the spacious backyard from the comfort of the covered patio, providing the perfect setting for relaxing or entertaining outdoors. The yard is highlighted by a mature oak tree that provides ample shade and lush St. Augustine grass. A gentle landscape dip adds natural character to the yard while allowing for proper drainage that does not retain water. Additional upgrades include a hot water recirculating pump that delivers near-instant hot water to the home's furthest plumbing fixtures, including the kitchen sink and primary bath, updated lighting, a water softener, attic storage, and an epoxy-coated garage floor. This beautiful home offers the perfect combination of style, convenience, and thoughtful upgrades-don't miss your opportunity to see it in person!
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.
