Welcome to a beautifully designed residence in the desirable Georgetown Village community, where comfort meets understated luxury on an expansive homesite of just over an acre. With 4 bedrooms and 3.5 baths, this home offers a thoughtfully crafted layout that feels both elevated and inviting, perfect for everyday living and memorable gatherings. Natural light fills the interior, highlighting spacious living areas that flow effortlessly from one room to the next. The updated kitchen, with quartz counters and butcher block island, is both stylish and functional, featuring abundant cabinetry, generous workspace, and an open connection to the main living area, creating a welcoming atmosphere for entertaining or quiet evenings at home. The primary suite on the main level provides a peaceful retreat with ample space and a well-appointed bath designed for relaxation. Upstairs, a large game room and dedicated media space offer flexibility for entertainment, hobbies, or unwinding at the end of the day, while the additional bedrooms provide comfort and privacy for family and guests. The second full ensuite provides the perfect private space for older teens, multigenerational families, or visiting guests. Step outside to enjoy the charm of the covered patio and the wide-open backyard, offering a sense of privacy and endless potential for outdoor living. Whether hosting gatherings, enjoying morning coffee, or creating your own backyard retreat, this space invites you to slow down and stay awhile. Ideally located near parks, shopping, dining, and major roadways, this home offers the perfect balance of convenience, space, and a warm, welcoming atmosphere.
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.
