Welcome to this inviting 3-bedroom, 3-bath home with an upstairs flex space that can serve as a 4th bedroom, office, playroom, second living area, or workout space. With its own bathroom & windows overlooking the backyard, the upstairs escape feels peaceful & private—ideal for guests, working from home, or unwinding. As you enter, you’ll notice luxury vinyl plank flooring throughout, and your eyes are drawn to the gas-start wood-burning fireplace—perfect for cozy movie nights, gatherings, or curling up with tea on a chilly evening. Windows throughout the home fill the space with natural light & offer views of the patio & in-ground pool, connecting the indoors to the backyard haven. Stepping outside, the backyard becomes its own getaway, offering a refreshing place to relax after work, enjoy a summer afternoon, or sip an evening drink as the sun sets. With entry points from the living room & primary suite, indoor-to-outdoor flow feels effortless. All three main-floor bedrooms are thoughtfully arranged, with two bedrooms & a bathroom on one side of the home, while the primary suite sits privately on the other. The primary offers a serene escape with a walk-in closet, double vanity, whirlpool tub, separate shower, & its own access to the backyard & pool—perfect for peaceful sunrises or quiet nighttime swims. The kitchen feels fresh with quartz countertops, a white subway tile backsplash, & a charming picture window that fills the space with more natural light—an ideal spot for an eat-in dining area or morning coffee. The kitchen overlooks the living room, with a bar top for extra seating & easy connection while hosting, cooking, or staying part of the conversation. Whether you’re preparing brunch, sharing a holiday meal, or enjoying the fireplace glow while cooking or washing dishes, this layout is designed for comfort & connection. A backyard gate provides access to 12th Ave Rec Center & Eisenhower Elementary, with Sutton Wilderness & NE Lions Park also close by.
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.
