LAKE VIEWS. This premium lot backs directly to one of the Blackhawk lakes, offering water views with added privacy-no public walking path behind the home. Lake views through oversized living room windows and from the comfort of the main floor primary suite. Curb appeal is approachable: flat driveway, freshly updated landscaping, and new exterior paint. An 8-foot front door opens into a two-story foyer. The floor plan outshines the competition. Five bedrooms, four full bathrooms, dedicated office, multiple dining & multiple living areas give every member of the household room. The office overlooks the front yard, while the formal dining room - large enough for a family heirloom dining set - connects directly to the kitchen. And what a kitchen. Expansive with solid function - featuring two large islands, two sinks, and new stainless steel appliances: gas range, microwave, dishwasher. Granite counters, recessed lighting + new pendant lighting. Samsung French-door refrigerator. All cabinetry freshly painted. A seamless flow into the oversized, main living room which features a gas wood-burning fireplace. Throughout the main level, soaring ceilings & new luxury vinyl plank flooring create a fresh feel. The oversized primary suite features two walk-in closets & an updated bath - frameless glass shower, quartzite counters, dual sinks, new faucets & lighting. A second main floor bedroom enjoys its own updated full bathroom. The oversized laundry room rounds out the ideal main floor. Upstairs, the functional layout continues: a generous game room, three well-sized bedrooms and two full bathrooms. New designer carpet throughout. Walk-in closets. The rear covered patio overlooks a backyard with room for a pool - all framed by sunset views over the water. *Note: Full Interior Paint and all these seller improvements completed May-June 2026. Two Carrier HVAC systems. Two water heaters. Sprinkler System. This is a value-packed opportunity offering loads of upgrades AND lake views.
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.
