Welcome to 16586 Shoshone Pl, where modern tech, energy efficiency, and real monthly savings set this home apart from the rest. Take advantage of an assumable 4.25% FHA loan through Freedom Mortgage, offering a significant payment advantage over current rates. Pair that with owned solar and battery storage, and the overall cost of ownership here is hard to beat. This home is built for energy independence with a fully owned 5.4kW solar array and Tesla III Powerwall. Generate power during the day and use it during peak evening hours to dramatically reduce utility costs and keep bills predictable. Water quality is just as dialed in with a whole-home filtration and softener, delivering clean, high-quality water. This end-unit is one of the larger floorplans in the subdivision and offers a hard-to-find 4th bedroom. Inside, you’ll find a clean, modern aesthetic with 8’ doors, flat-finish walls, LED recessed lighting controlled by Lutron smart switches, and 2 zone HVAC. The home is fully wired with CAT6 ethernet and powered by Quantum Fiber, providing fast, reliable connectivity in every room. The kitchen features granite countertops, full-height tile backsplash, upgraded cabinetry, and a full suite of stainless appliances. The primary suite offers a dual vanity, walk-in shower, and upgraded fixtures, while secondary baths include quartz countertops. Durable LVP flooring runs through main areas, with carpet in the bedrooms. Additional highlights include a fully insulated garage with built-in sink and overhead storage, plus a rare climate-controlled crawl space with vapor barrier and battery back-up sump pump with transferable 25-year warranty. The expansive 20’ x 24’ rooftop deck is the finishing touch, offering incredible mountain views and outdoor entertaining. With advanced tech, owned solar + battery, and a below-market assumable rate, this home delivers comfort, efficiency, and long-term savings you won’t find in typical homes nearby.
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.
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