Pull up to 10132 Sunset Place and you're greeted by a classic brick exterior and a grand two-story entry that gives the home a memorable first impression. Step inside, and the home feels fresh, clean, and ready for its next chapter, with freshly painted walls and warm wood-look tile carrying through the main living and dining spaces. The living room offers an easy place to gather at the end of the day, while the dining area sits just beyond it, keeping the main level connected without feeling completely open. In the kitchen, white cabinetry, butcher block countertops, and a window over the sink bring warmth and charm to the space. Whether you're making dinner, packing lunches, or hosting friends, the pass-through opening helps keep you connected to the living area while still giving the kitchen its own defined space. Everyday function was clearly considered here, too. A half bath sits conveniently on the main level, and under-stair storage gives you a place for the things you don't want out in the open. The combined laundry and pantry area offers generous shelving, giving you the kind of storage that makes daily life feel a little more organized. The washer, dryer, and two refrigerators also convey, making the move-in process that much easier. Upstairs, all three bedrooms are tucked away from the main living areas. The primary suite is spacious and includes an ensuite bath with a tub/shower combo, along with a walk-in closet. Both secondary bedrooms offer flexibility for family, guests, a home office, or whatever life needs next, and all bedrooms include ceiling fans for added comfort. A second full bathroom completes the upstairs layout. Out back, the yard offers room to enjoy the outdoors, with mature trees nearby adding to the established feel. Whether you imagine a play space, pets, a garden, weekend grilling, or simply a quiet place to unwind, there is space to make it your own. With fresh interior paint, wood-look tile throughout the main level, useful storage, and a functional two-story layout, 10132 Sunset Place offers comfort, convenience, and the opportunity to add your own style over time.
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.
