Looking for a safe, peaceful place to call home in a quiet community where neighbors still wave hello and actually mean it? Congratulations-you may have just found the one. Step inside this newly remodeled single-story home featuring 4 bedrooms, 2 beautifully updated full bathrooms with stunning Statuario matte tile, and 1,752 square feet of bright, open living space designed to make a lasting first impression. Gorgeous white oak floors run throughout, adding warmth and style, while the kitchen features new appliances and opens to a welcoming floor plan that works beautifully for both everyday living and easy entertaining. Step outside and the good news keeps coming. The backyard offers fruit trees, room for gardening, and plenty of space to relax, entertain, or host the kind of barbecue that suddenly makes you the most popular person in the group chat. The generous yard also includes separate storage and extra space for a small RV, boat, or Jet Skis because extra parking is really just adult success with curb appeal. Set in a welcoming neighborhood with a true sense of comfort and community, this home also keeps you conveniently close to schools, restaurants, entertainment, and freeway access for commuters. In other words, peaceful when you want it, practical when you need it. And let's not overlook one of the smartest features of all: fully owned solar with EV charger in garage. That means you can enjoy the comfort of home while smiling at the electric bill instead of feeling personally attacked by it. With style, function, charm, and efficiency all wrapped into one beautifully updated package, this home checks the boxes and then throws in a few extras just to show off.
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.
