Nestled in the prestigious Pemberton community, this exquisite Colonial-style residence offers a harmonious blend of luxury, comfort, and exceptional value. A rare opportunity awaits qualified buyers with an assumable mortgage at an attractive 3.25% interest rate through Rocket Mortgage (subject to lender approval-inquire for additional details). Spanning over 5,300 square feet, this meticulously maintained home features four spacious bedrooms, four and a half elegantly appointed bathrooms, and over $130,000 in recent upgrades, allowing its next owners to enjoy peace of mind for years to come. At the heart of the home is a gourmet kitchen designed for both everyday living and entertaining, featuring upgraded countertops, a large center island, stainless steel appliances, new double wall convection ovens with an integrated air fryer in the upper oven, a new refrigerator with a lower-drawer ice maker and AutoFill water pitcher, and a new dishwasher. The open floor plan flows seamlessly into the family room, creating an inviting gathering space enhanced by a cozy gas fireplace. Crown molding, wainscoting, chair rail, updated paint throughout, warm hardwood flooring, and plush carpeting add timeless elegance throughout the home. The light-filled solarium offers spectacular sweeping views of South Mountain, providing the perfect space to enjoy morning coffee, unwind with a good book, or simply take in the changing seasons from the comfort of home. The luxurious primary suite serves as a private retreat with a sitting room, spacious walk-in closets, and a spa-inspired bath featuring a soaking tub and a newly installed frameless glass shower. Each additional bedroom is thoughtfully designed to provide comfort and privacy. The partially finished walkout basement expands the home's versatility with a spacious recreation room, a dedicated gym, and a second private office featuring heated engineered hardwood flooring—ideal for remote work or creative pursuits. Extensive recent improvements include a new architectural roof and shutters (October 2024), replacement of all three heat pumps and the attic air handler, vinyl replacement of the exterior wood siding and trim surrounding the sunroom, repointed and sealed slate patio, repointed brick walkways and front porch, upgraded exterior lighting, and fresh interior paint throughout. Modern conveniences abound with buried fiber optic internet, integrated audio throughout the living room, dining room, and sunroom, smart home wall switches in the kitchen, lower level, and garage that are ready to integrate with Alexa or other smart home platforms, and a Wi-Fi-enabled smart garage door opener. Situated on a beautifully landscaped 1.24-acre lot, the outdoor living spaces are equally impressive with extensive hardscaping and a welcoming patio perfect for entertaining or relaxing in a peaceful natural setting. The side-entry three-car garage provides abundant storage and convenience. This exceptional residence combines timeless craftsmanship with meaningful modern updates, offering luxury, functionality, and an outstanding opportunity in one of the area's most desirable communities. Every detail has been thoughtfully maintained and upgraded, creating a home that is truly move-in ready. Join us for a public open house on Sunday, July 12th from 2:00-4:00 PM.
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.
