Move-in ready home that offers one of the most desirable floor plans available! This two-story starter home has all the features - 4 bedrooms and 3 full baths, including a rare primary bedroom and secondary bedroom with full bath on the first floor—perfect for guests, multigenerational living, a home office, or nursery. The bright and open family room showcases engineered hand-scraped hardwood floors, arched architectural details, and a stunning floor-to-ceiling stone fireplace, all flowing seamlessly into the open-concept kitchen. The elegant kitchen offers granite countertops, stainless steel appliances, ample cabinetry with decorative hardware, a center island, and a breakfast bar overlooking the family room—ideal for entertaining and everyday living. A formal dining area adds additional flexibility for gatherings. The spacious primary suite features a window seat, a luxurious en-suite bath, and a walk-in closet, providing comfort and privacy. Upstairs, you’ll find two additional bedrooms, a full bath, a large game room, and a dedicated media room—plenty of space for fun, relaxation, and entertainment. The media package conveys with the property. Additional highlights include a large laundry room, neutral color palette, split bedrooms, and a 2-car garage. Enjoy great curb appeal with stone accents, a covered front porch, and a shaded backyard with patio—perfect for outdoor enjoyment. Located in the highly sought-after Paloma Creek community featuring resort-style amenities including clubhouse, community pools, fitness center, parks, playgrounds, greenbelts, jogging and bike paths. Buyer and buyer’s agent to verify all information including measurements, schools, zoning, and property condition. Inviting all reasonable offers. Will not respond to low-ball offers, offers that include owner finance, or assignments.
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.
