Welcome to this charming Cape Cod-inspired home in the resort-style community of Providence Village! Offering 1,350 square feet, this thoughtfully designed open-concept floor plan blends the living, dining, and flex spaces to create endless layout possibilities perfect for modern living. The beautifully updated kitchen is a centerpiece, featuring a custom-built island, wood breakfast bar countertop, granite style countertops, and freshly painted cabinetry-all flowing seamlessly into a spacious eat-in breakfast area overlooking the covered patio. Enjoy a split-bedroom layout with two guest bedrooms at the front of the home, each boasting oversized walk-in closets, and close access to an updated full bathroom. Tucked away in the back, the primary-suite offers TWO separate walk-in closets with ensuite bath complete with garden tub & shower combo, updated lighting, & custom shelving. Step outside to your own gardener’s paradise! Backyard features a custom deck with gardening table, storage shed, and an extended side deck creating a cozy, private sitting area with ambient outdoor lighting. The covered patio with sunshade overlooks an easy to maintain yard with a mix of artificial turf and natural grass. Additional highlights include recently updated exterior paint, luxury vinyl plank flooring throughout, and custom woodwork finishes-including built-in cabinetry in the laundry room. Residents of Providence Village enjoy unmatched amenities, including multiple resort-style pools with slides, a three-story clubhouse with fitness center, meeting rooms, kitchen, and game room, plus fishing ponds, tennis and pickleball courts, skate park, playgrounds, sports fields, and year-round community events. Best of all-NO MUD or PID! This move-in-ready gem offers one-of-a-kind upgrades and is nestled in a picturesque, family-friendly neighborhood filled with charming covered porches-perfect for rocking chairs and porch swings. Don’t miss your chance to call this exceptional home yours!
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.
