Welcome home to this beautifully updated and excellently maintained 5-bedroom, 3-full-bath atrium ranch in the highly sought-after Fort Zumwalt West school district. The open and airy feel is highlighted by vaulted ceilings and large atrium ranch windows that bring in tons of natural light while overlooking the 15th fairway of The Falls Golf Club. It’s a peaceful setting that feels like a retreat right in your own backyard. The home has been thoughtfully cared for and beautifully improved over the years with fresh interior paint 2025, updated windows 2019, and newer appliances. The layout works perfectly for everyday living as well as entertaining family and friends. The finished walk-out lower level not only boasts a family room, 2 bedrooms, and full bath but adds even more living space with a dedicated theater room, perfect for movie nights or game days, while hosting friends and family. Step outside to enjoy the composite deck with retractable awning and patio, ideal for morning coffee, summer dinners, or simply taking in the golf course views. Major updates including the HVAC 2018, tankless water heater 2025, roof 2014, exterior paint 2023, fencing 2023 , and irrigation system in 2013 provide comfort and peace of mind for years to come. With great space, beautiful updates, scenic views, and a prime location, this home truly has it all.
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.
