Step inside and feel it immediately-this isn't just a house, it's a home loved into being over the past twelve years. With fresh interior paint and a new 2025 roof, the big jobs are already done. All that's left is to move in and begin your next chapter. Most of the home is finished in easy-care tile and framed with custom shutters, keeping daily life simple and low maintenance. Off the kitchen, a spacious laundry room with built-ins and hookups keeps chores neatly out of sight yet close at hand. At the heart of the home is a welcoming, open eat-in kitchen featuring double ovens and a gas cooktop-perfect for everything from quiet breakfasts to holiday feasts. It flows effortlessly into the formal dining room and an adjoining study or sitting area before opening into a bright family room where a gas fireplace and French doors invite everyone to gather. Step outside and you'll find a covered patio and shady backyard designed for relaxed living, complete with a 50-amp hookup for a hot tub, space for a grill, and plenty of room to linger under mature trees. Hand-laid pavers line the walkways, a generous storage shed keeps things organized, and even a dedicated trash pad shows the thoughtful care throughout. When the day winds down, retreat to a serene primary suite that easily accommodates large furniture. The custom bath features an oversized shower with a built-in seat and grab bars for added peace of mind. Storage is abundant with a deep linen closet-big enough for luggage-and a walk-in closet with built-in shelving. Three additional bedrooms extend the sense of comfort: two share a full hall bath, and one enjoys its own ensuite-ideal for guests, aging parents, or grown children home for a visit. The three-car garage, with epoxy floors, ample shelving, two water heaters, and a water softener, adds everyday convenience. Even the windows have been professionally cleaned, so the home is truly move-in ready. In this gated community, neighbors have gathered, rested, and built lasting memories together. Now, this inviting home is ready for its next chapter. Will you be the one to write it?
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.
