One or more photo(s) has been virtually staged. SELLERS WILLING TO ASSIST IN CLOSING COST!! BRAND NEW ROOF!! LOW HOA!! This rare 5-bedroom, 3 full bathroom, plus 1 half bathroom residence stands out as the only home of its kind currently available, offering both space and exclusivity. Step inside to find fresh interior paint that gives the home a clean, modern feel, perfect for moving right in. The spacious layout provides flexibility for families of all sizes, with ample room for entertaining, working from home, or hosting guests. Designed for both comfort and privacy, the primary (master) suite is located on the first floor, offering a quiet retreat away from the additional bedrooms. For added convenience, the laundry room is directly connected to the primary closet, creating a highly functional and efficient daily living experience. Enjoy peace and privacy with no backyard neighbors, creating the perfect setting for relaxing evenings or future outdoor enhancements. The home also features a paver driveway for enhanced curb appeal and durability, along with a full irrigation system to keep your lawn and landscaping looking its best year-round. Major updates include a newer roof (2025), giving buyers added confidence and long-term value. Unique Financing Opportunity: Take advantage of a 2.9 assumable loan, offering significant monthly savings compared to today’s rates—an incredible benefit for qualified buyers. Located in a community with low HOA fees and desirable amenities, this home offers not just a place to live—but a lifestyle to enjoy! Don’t miss your chance to own this unique and spacious home—schedule your private showing today!
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.
