Welcome to this impeccably maintained, BETTER-THAN-NEW 3-bedroom, 2-bathroom home where every detail has been thoughtfully upgraded. Step inside to an open-concept floor plan with soaring 10’ CEILINGS in the main living area and stunning LVP wood floors that flow seamlessly throughout the home. The kitchen is a chef’s dream, featuring quartz countertops, soft-close drawers, a large island with cabinetry on both sides, elegant waterfall countertops on the island, a sliding glass door that opens to the backyard, and a pantry with custom shelving. The living room is anchored by a shiplap electric fireplace wall, ideal for cozy nights, while the dining area showcases a board-and-batten accent wall, adding a touch of sophistication. The primary suite spans an entire side of the home, offering trey ceilings, a board-and-batten feature wall, and a sliding glass door leading to the covered patio. The luxurious primary bathroom is a true retreat, with dual custom-built closets, a large double vanity, and a spacious shower with TWO SHOWER HEADS. The well-appointed laundry room features cabinets and countertops with dual access doors, providing convenience and flexibility. Two additional guest bedrooms share a beautifully designed guest bathroom, completing this thoughtfully laid-out home. Outside, the backyard is designed for relaxation and entertainment. Enjoy a ceiling fan on the back patio, complete with a 12’ roll-down sunshade—perfect for comfort any time of day. The fully fenced yard features solar lighting along the entire wood privacy fence, illuminating the space beautifully at night. Additional highlights include gutters, an outdoor fire pit, a long driveway, and a 12x20 metal carport conveniently located on the side of the house inside a double-gated entry. A home water system ensures fresh, clean water throughout the home, while the garage boasts epoxy flooring. Every inch of this home exudes quality, comfort, and modern elegance—truly a place to call your own. Schedule your private showing today! This home may be under audio or visual surveillance.
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.
