Set on an oversized lot in Belterra, this beautifully maintained home delivers the kind of space, light, storage, and flexibility that is hard to duplicate. Mature oak trees, fresh landscaping, raised stone beds, and a brick-and-stucco exterior give it polished curb appeal, while the elevated entry creates a sophisticated first impression. Inside, the home immediately shows off what it does best: generous rooms, amazing natural light, and tons of storage. Updated flooring, lighting, paint, and thoughtful finishes bring a fresh feel throughout, while large windows keep the main living spaces connected to the backyard. The living room features a brick fireplace surround that ties in beautifully with the brick-accented cooking alcove in the kitchen, giving the home warmth and character without feeling overdone. The updated kitchen stuns with quartz counters, a waterfall-edge island, custom pantry, and a layout that works for day to day or hosting holidays. The floor plan offers 4 BD, a dedicated office, formal dining, and a game room, offering space and flexibility. The main-level primary suite feels private and spacious, with large windows and its own ensuite. Upstairs, you’ll find secondary bedrooms, including one with an ensuite, another full bath, and a game room with a 4K projector. Storage is a major bonus here, starting with the finished, climate-controlled 3-car garage that can double as a workshop or fun hangout spot, plus second-level storage for all the things you can’t get rid of. Out back, the extended covered porch opens to a huge yard with native landscaping, mature trees, and plenty of room to create the ultimate backyard retreat. Belterra residents enjoy resort-style pools, a splash pad, fitness center, parks, playgrounds, pickleball, a game room, scenic trails, and planned social events. It has the space, the lot, the storage, and the Belterra lifestyle, without making you choose between pretty and practical.
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.
