Offering 3,212 square feet of thoughtfully designed living space, this 5 bedroom, 3.5 bathroom home combines flexibility, efficiency, and comfortable everyday living within a well-balanced floorplan. The layout features expansive living and dining spaces, a dedicated den ideal for a home office or additional flex space, and a loft that adds versatility for media, recreation, or secondary living needs. The kitchen opens seamlessly to the main living areas, creating an ideal setup for both entertaining and day-to-day functionality. Thoughtfully sized bedrooms and practical flow throughout the home contribute to a layout designed to accommodate a variety of lifestyles. Privately situated upstairs, the primary suite captures sweeping city and mountain views, offering a peaceful retreat from the main living spaces. The suite is complemented by a spacious bathroom and ample storage, while the home's solar system helps maintain low energy costs, even with two EV's regularly charging at the property. A 2-foot extended garage adds additional functionality and flexibility for storage, parking, or larger vehicles. A highly desirable first-floor en-suite bedroom featuring a no-threshold shower provides excellent flexibility for guests, multigenerational living, or enhanced accessibility. Additional highlights include a private front courtyard with room for outdoor seating, entertaining, or a secure play space for kids. Convenient proximity to the community waterpark allows for easy access to summer activities and recreation just moments from home. Blending size, functionality, and energy-conscious living with city and mountain views, this home presents a unique opportunity within the community. Contact Steven Cannon for additional details or to arrange a private showing.
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.
