ASSUMABLE LOAN AT 2.75..............GATED COMMUNITY.........VACATION-INSPIRED AMENITIES.............NOT IN A FLOOD ZONE.....Reverse osmosis water filtration system.............This is the kind of home you choose because life feels better here. Mornings are quieter. Evenings are RELAXED. As you drive through the palm-lined streets of Valencia Lakes, fountains softly flowing beside manicured landscaping, the outside world fades away. Sitting on a peaceful corner lot, the setting feels secluded, safe, and intentionally serene—no traffic noise, no rush, just calm. Inside, the home feels light, open, and instantly comfortable, the kind of space that welcomes you without trying too hard. The kitchen is practical and well thought out, with tall wood cabinetry that finally gives you the storage most homes lack. And then there’s the screened lanai—private, charming, and quietly special—made for candlelit dinners, unhurried conversations with friends, or afternoons spent reading with a cup of coffee as the breeze drifts through. A remote-controlled retractable awning lets you shape the space to the moment, sun or shade, day or night. Now here’s the part that makes buyers stop scrolling: an assumable loan at 2.75%. In today’s market, that’s not just rare—it’s powerful. Lower payments, better leverage, and a long-term advantage most homes simply cannot offer. Add partial impact windows, a reinforced garage door, an upgraded electrical panel with whole-home surge protection, and an HOA that covers nearly everything—lawn care, exterior maintenance, security, cable—and ownership becomes effortless. Resort-style pools, clubhouse, fitness, pickleball, tennis, and a full social calendar complete the picture. This isn’t a “maybe someday” home. This is the one smart buyers move fast on—because once it’s gone, it’s gone.
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.
