Welcome to Westlawn—an inviting, sought-after community known for its friendly atmosphere, walkable amenities, and easy living. This beautifully updated home offers 4 bedrooms, 2.5 bathrooms, and an upstairs bonus room, providing flexible space for accommodating family or carving out room for hobbies or a home office. With a low-maintenance yard, long driveway, and an attached 2-car garage, the property is designed for convenience. The community’s low HOA includes access to an in-ground pool, fenced playground, and paved walking trails—perfect for morning strolls or relaxed evenings outdoors. Inside, fresh paint, stylish accent walls, upgraded lighting, and ceiling fans throughout create a bright, comfortable environment. The open-concept living areas feature large windows and recessed lighting. The kitchen includes slow-close cabinets, upgraded trim, and a reverse osmosis water filtration system for added peace of mind. Enjoy an enclosed patio with tile flooring and a built-in projector—ideal for movie nights or quiet evenings—along with a fenced backyard complete with a fire pit and built-in barbecue. Upstairs, durable LVP flooring extends throughout. The downstairs primary suite features engineered hardwood floors, tray ceiling, and custom closets for exceptional organization. Additional highlights include a laundry room with steam closet, a whole-house surround sound system, irrigation system, insulated garage, and an updated oversize half bath! Just steps from Publix for late night wine runs and food options! local shopping, and a nearby emergency room—with easy access to I-840, I-24, and Highway 96—this home offers comfort, convenience, and a welcoming community for every stage of life! Home is currently under contract with a home sale contingency.
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.
