Beautifully updated ranch tucked on an oversized cul-de-sac lot framed by mature trees and lush landscaping. From the moment you step inside, you’re greeted by seamless wood flooring, soaring vaulted ceilings, and abundant windows that flood the home with warm, natural light. At the heart of the home is a stunning mountain-modern kitchen, completely remodeled with floor-to-ceiling hickory cabinetry, quartz countertops, a stylish glass tile backsplash, a generous farmhouse sink, and stainless steel appliances. The kitchen has been thoughtfully opened to create an effortless open-concept layout—ideal for everyday living and easy entertaining. A bright dining area flows directly into the inviting great room featuring vaulted ceilings, built-in bookshelves, and a cozy stone fireplace—the perfect place to unwind. Down the hall, you’ll find three bedrooms, including a front bedroom currently styled as a private home office with French doors. A spacious guest bedroom sits beside an updated secondary bath with a custom vanity and fresh tile shower surround. The peaceful primary suite offers vaulted ceilings, an ample walk-in closet, and a beautifully updated en-suite bath with a custom dual-sink vanity and a gorgeous oversized glass walk-in shower. Step outside to an equally impressive backyard designed for Colorado living—highlighted by a huge custom patio with a built-in stone firepit, plus an extended walkway that wraps to a second side patio with convenient access to the garage via an exterior service door. With a generous yard for kids and pets and professional landscaping throughout, this outdoor space is ready for summer nights and weekend gatherings.An unfinished basement provides tons of storage today and exciting potential for future expansion—home gym, rec room, additional bedrooms—your choice. Brand New Roof, Newer Furnace, Newer water heater, newer patio and driveway, some windows replaced.
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.
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