Spacious and meticulously maintained 4-bedroom, 3.5-bath home offering approximately 3,100 square feet on a level 1.6-acre lot with usable outdoor space. This exceptionally clean, well-kept property reflects pride of ownership throughout. Why build when you can have better than brand new with this immaculate home featuring thoughtful upgrades already in place? The main level includes a private primary suite with double vanities, a large soaking tub, separate shower, and a walk-in closet with built-in shelving for organized storage, plus a second bedroom and a full bathroom on the main floor for added flexibility. The kitchen features granite countertops, powder-finished cabinetry, stainless steel appliances, a gas range with pot filler, and a farmhouse sink, combining function and design. The living room centers around a fireplace and opens to a freshly stained, oversized covered deck overlooking the backyard. Upstairs offers two additional bedrooms, a full bathroom, a separate finished room with a closet providing flexible space for an office, hobby room, or storage, and an oversized bonus room. Abundant closet space throughout enhances functionality. Additional highlights include a 3-car garage with a 220V EV charger, 8-zone irrigation system, color-changing permanent under-eave lighting customizable for holidays or accent lighting, six hard-wired Ring cameras, dual internet availability, and a secondary septic system. The level lot is partially lined with mature trees, offering privacy while maintaining open, functional space. A move-in-ready home combining space, quality, and modern upgrades inside and out.
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.
