This like-new 2022 home offers the same floor plan as a brand-new 2025 build in the neighborhood that just sold for $339,881 — an incredible opportunity to own for significantly less without sacrificing condition or quality. Same floor plan. Same neighborhood. Over $34,000 in savings. Agressively priced and move-in ready! Welcome to 12824 NW 4th Terrace, located in the desirable Skyline Trails community—one of Yukon’s most popular areas! This beautifully maintained 3-bedroom, 2-bath home offers a bright, open-concept design with modern finishes, arched doorways and abundant natural light throughout. The inviting living area features luxury wood-look flooring and a cozy gas fireplace, seamlessly flowing into the chef’s kitchen complete with quartz countertops, a large center island, stainless steel appliances, and a gas range—ideal for both everyday living and entertaining. The private primary suite serves as a relaxing retreat with a soaking tub, separate shower, and spacious walk-in closet. A versatile bonus space provides flexibility for an additional home office, second living area, study, or gym. Step outside to enjoy the covered patio and fully fenced backyard—perfect for evening relaxation or weekend gatherings. Built in 2022 with energy-efficient construction, this home offers modern comfort, low maintenance, and peace of mind. Skyline Trails features a playground, walking trails, and splash pad, and is conveniently located near I-40, the Turnpike, shopping, and dining. Zoned for Mustang Schools. Don’t miss this opportunity to own a like-new home in an excellent location. Be sure to view the interactive floor plan and ask about financing options that include little to no money down. Refrigerator, TV above the fireplace, and primary bedroom furniture are negotiable. This one is a must see!
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.
