Nestled on a thoughtfully 0.14-acre lot, this charming 2-bedroom, 1-bath home offers a warm and comfortable feel with flexible spaces. A welcoming front porch invites you inside, where the first space you encounter is a bright flex room that works beautifully as a home office, sitting area, complete with tile flooring, crown molding, and a window that brings in soft natural light. French doors open into the living room, where wood-look laminate flooring adds warmth and a front-facing window creates a cozy, relaxed atmosphere. Flowing just beyond, the dining area feels bright and inviting with tile flooring and backyard views that make everyday meals feel connected to the outdoors. Centrally positioned, the kitchen offers a practical layout with tile flooring, matching white cabinetry, a dual sink beneath rear-facing windows, and easy access to the surrounding living spaces, making it both functional and comfortable for daily use. The primary bedroom provides a peaceful retreat with soft carpet flooring, mirrored sliding closet doors, and a built-in closet. Nearby, the bathroom is thoughtfully accessible from both the bedroom and main living area and features a white vanity along with a tub-shower combination. Bedroom 2 sits toward the front of the home and offers generous space, tile flooring, and natural light through its window. Adding to the home’s functionality, the mud room between Bedroom 2 and the laundry area includes built-in storage and its own exterior door, creating an ideal everyday entry point from the side yard. The laundry room itself provides overhead cabinetry and an additional storage closet to help keep everything organized. Step outside and the backyard opens into a wide grassy space with partial fencing and a storage shed, offering room to garden, entertain, relax, or simply enjoy the outdoors. Located in Beverly Hills, this home is near Rainbow Springs State Park, where clear spring waters, kayaking, and scenic walking trails create a peaceful outdoor escape; the Withlacoochee State Trail, ideal for biking and nature walks; and Crystal River, known for boating, waterfront dining, and year-round access to Florida’s natural beauty.
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.
