Step into this spacious and versatile home, thoughtfully designed for comfort, functionality, and entertaining—peacefully located outside the city limits. Featuring 4 generously sized bedrooms, this layout offers both privacy and convenience—including a bedroom with direct access to a bathroom downstairs, perfect for guests or multigenerational living. In addition, a room downstairs offers flexibility to be used as a bedroom or a home office to fit your needs. At the heart of the home, the large kitchen serves as the true centerpiece, featuring a generous island perfect for casual dining or breakfast gatherings, along with stainless steel appliances, including a refrigerator. The open-concept design flows seamlessly into the dining room and living room, creating an ideal space for entertaining family and friends. The main living area is warm and inviting, centered around a fireplace that adds charm and comfort. Upstairs, you’ll find a 5th bedroom that is a large private space with its own full bathroom and closet—ideal for a guest suite, game room, media room, or anything the buyer envisions. The possibilities are endless to fit your lifestyle. The large primary suite is a true retreat, complete with its own cozy fireplace, creating the perfect space to unwind at the end of the day. The primary bathroom adds to the luxury with a well-designed layout featuring a large soaking tub, a spacious walk-in shower, and a dedicated makeup vanity area—offering both style and everyday convenience. Step outside to enjoy a large backyard designed for relaxation and entertaining. In addition to the covered patio with a third fireplace, the outdoor space also features an outdoor kitchen complete with a grill and sink, a garden, chicken coop and tunnel, and a storage shed—perfect for those who love outdoor living, gardening, or hobby farming. This home offers the perfect blend of space, flexibility, and cozy touches—ready to fit your needs and create lasting memories.
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.
