Welcome to one of the most desirable opportunities in The Meadows with an assumable VA loan at just 2.375%, this Home offers a rare financial advantage that is increasingly difficult to find in today's market. Beautiful stone exterior accents, inviting architectural details, & a Freshly Painted Interior give the home a bright, modern feel. A highly sought-after open-concept floor plan designed for both everyday living & effortless entertaining. Elegant tile & wood-tile flooring, upgraded carpeting, & Plantation Shutters create a warm, sophisticated atmosphere. The heart of the home is the stunning Chef-Inspired Kitchen, thoughtfully designed for both functionality & style. Enjoy upgraded pendant lighting, staggered cabinetry w/ crown molding, gorgeous quartz countertops, stainless steel GE & Bosch appliances (2025), a gas cooktop with designer hood, & an oversized island featuring bar seating & a deep apron-front sink. You'll appreciate the abundant storage provided by both the walk-in pantry & convenient butler's pantry area. The spacious casual dining area flows seamlessly into the Great Room, creating the perfect setting for gatherings, game nights, or relaxing evenings at home. Large windows fill the living spaces with natural light, enhancing the home's open & airy feel. The luxurious first-floor Primary Retreat provides a private sanctuary away from the rest of the home. Unwind in the spa-inspired bath featuring quartz countertops, a custom tiled shower, jetted soaking tub, & an expansive walk-in closet complete w/ custom cabinetry designed to keep everything beautifully organized. Upstairs, you'll find three generously sized secondary bedrooms w/ walk-in closets & a spacious Loft that offers endless possibilities. The well-designed hall bath features a raised vanity with dual sinks, a separate tub/shower & toilet area, & large linen closet, making busy mornings easier for everyone. Step outside to your private backyard w/ a tiled covered patio that provides an ideal space for outdoor dining, weekend barbecues, or simply relaxing with your morning coffee. Synthetic turf adds beauty & functionality while minimizing maintenance, giving you more time to enjoy your home. The 2.5-car garage offers valuable additional storage space for hobbies, outdoor equipment, & seasonal items. Bonus ~ the paver driveway was expanded to accommodate 3 vehicles. Living in The Meadows means enjoying resort-style amenities. Residents have access to a sparkling community pool and spa, a large covered gathering pavilion, multiple sports courts, playgrounds, & expansive grassy park areas where neighbors gather and families create lasting memories.
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.
