Are you looking to assume a low rate, this might be the house for you! This ranch-style masterpiece combines breathtaking design with functionality, creating the perfect haven for family living and entertaining. With 5 spacious bedrooms and 4 bathrooms, this home is designed to impress at every turn. As you walk through the front door, you’ll be greeted by an inviting open-concept layout with soaring tall ceilings and custom woodwork that adds warmth and character. The centerpiece of the main level is a stunning floor-to-ceiling fireplace, and the dream kitchen with its massive island, a cozy atmosphere for gatherings or relaxing evenings at home. The kitchen is a chef’s dream, featuring a huge center island, new appliances, and three eating areas. Whether you’re hosting a large dinner party or enjoying a quiet breakfast, this kitchen makes every meal special. Beautiful barn doors throughout the home add a touch of rustic charm, blending seamlessly with the modern design. The primary suite is a private retreat, offering a spa-like bathroom with a freestanding tub and a rain head shower. A thoughtfully designed junior suite provides added comfort for guests. The fully finished 9-foot tall basement expands your living space, offering endless possibilities, think a media room, gym, or extra guest quarters. Step outside to your fully landscaped backyard, where a fire pit awaits for cozy evenings under the stars. Enjoy the "Colorado views". The space is perfect for entertaining or simply soaking in the beauty of your surroundings. This home is situated within walking distance of schools, a community center, and walking and hiking trails. It’s the perfect blend of convenience and outdoor adventure. From the towering ceilings and expansive layout to the thoughtful touches like the freestanding tub, junior suite, and custom woodwork, this home is more than a house—it’s a lifestyle.
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.
