Character Reimagined: The Unicorn You’ve Been Waiting For! Get ready to fall in love with a home that mixes vintage cool with that brand-new feel. This isn't just another cookie-cutter house; it is a total vibe! We are talking about character reimagined with all the major updates you actually want. Imagine walking on brand-new floors and seeing fresh paint in every room. Plus, the boring-but-important stuff is already handled for you. We have a new roof from December 2025, a hot water tank from 2023, and the AC, heater, and appliances were all updated in 2021. It is basically the best of both worlds! But hold on, because the fun doesn't stop there. While most homes nearby feel a little tight, this one has space to spare. We are talking about four true bedrooms plus an extra bonus room that could be anything you want, like a game room, a home office, or a hobby spot. The backyard is huge, giving you plenty of room to run around, garden, or just relax in the fresh air. If you have been looking for a place where everyone can have their own space without bumping into each other, this is definitely it. Let’s talk about the heart of the home. The kitchen feels open and airy with a center island that is begging for a pizza night or a morning breakfast spread. You will love the cabinetry too. It is that solid wood kind you only find in older homes—super sturdy and ready to hold all your gadgets. The open living room is anchored by a real working fireplace, which is perfect for cozy movie nights. And when you need to head out, you have super easy access to the interstate, shopping, and all the tasty restaurants nearby. OPEN HOUSE: February 7th and 8th!
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.
