ASSUMABLE VA LOAN at 2.25% -- a rare and valuable opportunity! Move-in ready and impeccably maintained, this stunning 2,591 SF residence delivers the perfect blend of comfort, style, and thoughtful upgrades. Featuring 3 bedrooms, 2.5 baths, and a dedicated office, the open-concept design is highlighted by soaring ceilings and an abundance of natural light. Enjoy seamless indoor-outdoor living with a spacious, screen-enclosed pool and patio, perfect for relaxing or entertaining year-round. The beautifully appointed kitchen showcases soft-close cabinetry with elegant up lighting, an oversized breakfast bar, and opens to the inviting family room, where large corner windows overlook the sparkling pool and a cozy fireplace adds warmth and charm. There is a wood burning fireplace with a beautiful view of the pool and the best part of the pool is that it is heated and enclosed. A formal dining room and private office both enhanced with custom built-ins and all-new bookshelves flank the foyer. The expansive primary suite offers a true retreat, complete with a sitting area and direct access to the pool. The luxurious ensuite bath features a 6-jet soaking tub, updated walk-in shower, and dual vanities. A split-bedroom floor plan provides privacy, with two guest bedrooms connected by a Jack-and-Jill bath, plus a convenient half bath for visitors. Built for durability and efficiency with 2x6 construction, this home also includes above closet storage, a floored attic above the garage, and numerous recent upgrades throughout. Recent Improvements & Features Include: Heated, screen-enclosed pool with new screen, resurfaced finish, and all-new equipment Newly painted pool deck Brand new exterior paint Roof approximately 6 years old New HVAC system (under warranty) Bosch dishwasher, new garbage disposal, and newer appliances throughout New washer and dryer Updated showers and new ceiling fans Porcelain tile flooring in select areas Epoxy-coated garage floors + new garage door opener Located in a gated community with security and convenient access near the back gate, this home is ideally positioned close to the West Bay Point exit onto Navy Blvd. This property truly stands out offering exceptional upgrades, a functional layout, and a highly desirable assumable VA loan. A rare find that combines luxury, efficiency, and value in one beautiful package.
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.
