Welcome to this impressive and beautifully designed home offering 5 spacious bedrooms, an additional dedicated office, and 3 full bathrooms—perfect for comfortable living and entertaining. Step inside to an inviting open-concept layout featuring abundant natural light, high ceilings, and generous living spaces that flow seamlessly from room to room. The gourmet kitchen is a chef’s dream, featuring a large island, a coffee bar, a gas cooktop with a pot filler, and an open view into the spacious living area with a cozy fireplace—ideal for gatherings of any size. The dining room offers its own touch of luxury, complete with a stylish bar area and a built-in refrigerator, providing added convenience for entertaining. The primary suite is a true retreat, offering a luxurious spa-like bathroom complete with a large walk-in shower, a relaxing soaking tub, and an oversized walk-in closet designed for exceptional storage. Step outside to your own private oasis, featuring an outdoor kitchen, a second fireplace, a sparkling pool, and a spacious backyard complete with a playground, bocce court, football billiards court, and a storage shed—offering ample room to relax, entertain, or enjoy outdoor activities. Whether hosting summer barbecues or quiet evenings by the fire, this space is designed for year-round enjoyment. This home combines luxury, comfort, and functionality—offering everything you need and more. Don’t miss the opportunity to make it yours!
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.
