ASSUMABLE LOAN AT 3.125 interest rate with qualified buyer! Welcome to this beautifully appointed 4-bedroom, 3.5-bath home that perfectly blends comfort, style, and functionality. Thoughtfully designed with spacious living areas and versatile rooms throughout, this home offers everything today's buyers are looking for. The heart of the home is the chef-inspired kitchen featuring gorgeous white cabinetry, granite countertops, double ovens, abundant prep space, and an open layout that seamlessly connects to the main living area. Gather around the cozy stone fireplace in the spacious family room, where natural light and warm finishes create an inviting atmosphere for everyday living and entertaining. The private primary suite is a true retreat, offering generous space and a spa-like ensuite bathroom complete with dual vanities, a stunning oversized walk-in shower, and a large walk-in closet. Additional bedrooms provide comfortable accommodations for family and guests, while the dedicated media room creates the perfect setting for movie nights, gaming, or cheering on your favorite team. Need extra space? The expansive game room offers endless possibilities for recreation, a playroom, fitness area, or second living space. A dedicated home office provides a quiet and productive environment for remote work, studying, or managing household affairs. Step outside and discover one of the home's most impressive features-a screened-in porch overlooking the backyard, creating the perfect space to enjoy morning coffee, outdoor dining, or relaxing evenings free from the elements. The adjoining deck offers additional room for grilling, entertaining, and enjoying the outdoors year-round. Additional highlights include beautifully designed bathrooms, spacious secondary bedrooms, abundant storage, a functional laundry room, and a large garage with room for vehicles, hobbies, and organization. Located in a highly sought-after Northwest community, this exceptional home offers convenient access to shopping, dining, major employers, entertainment, and top local amenities. With its thoughtful floor plan, multiple gathering spaces, dedicated office, media room, game room, screened porch, and outdoor living areas, this home truly has room for everyone and everything. Don't miss the opportunity to make this remarkable property your next home.
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.
