Welcome to your new home in the stunning community of Green Spring, where thoughtful design, modern upgrades, and effortless living come together. Built in 2020 and impeccably maintained, this home also offers a rare opportunity for VA buyers to assume an incredible 2.375% interest rate. Inside, the open great room concept is paired with a well-designed floor plan, featuring a second primary suite tucked away in its own private wing-ideal for guests, multigenerational living, or a quiet home office. The kitchen is the heart of the home, highlighted by a spacious granite island, tile backsplash, upgraded stainless steel appliances, a brand-new dishwasher, and an oversized walk-in pantry-perfect for both entertaining and everyday living. Throughout the home, you'll find neutral designer tones, durable tile flooring in all high-traffic areas, upgraded carpet in each bedroom, and a new water heater for added peace of mind. The primary suite offers a true retreat with a huge walk-in closet, dual granite vanities, a soaking tub, and a spacious walk-in shower. Step outside to a beautifully xeriscaped backyard designed for low maintenance and high enjoyment. The large covered patio provides the perfect shaded space for relaxing or hosting, and the side yard is already plumbed for a spa or swim spa, giving you the opportunity to create your own private outdoor oasis. Completing the home is a three-car garage with epoxy flooring and built-in storage racks, delivering both function and a clean, polished finish. This home checks every box-all that's left to do is move in and enjoy.
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.
