MULTIPLE OFFERS RECEIVED. PLEASE SEE OFFER INSTRUCTIONS ATTACHED AND PRESENT OFFER NO LATER THAN 6 PM SUNDAY, MAY 10TH. Tucked away in a setting designed for both relaxation and everyday living, this thoughtfully maintained home offers the kind of lifestyle buyers rarely find at this price point. Imagine mornings with coffee on your private upper deck, evenings gathered around the backyard firepit beside the soothing water feature, and weekends spent entertaining across the expansive multi-level outdoor living space complete with sun awning, patio furnishings, umbrellas, and décor that remain with the property. Inside, the home blends warmth and functionality with skylights that fill the family room with natural light, a beautifully equipped kitchen featuring stainless appliances, a 5-burner gas range, pull-out cabinet shelving, and charming built-in window seating in the dining area. The finished basement opens the door to endless possibilities with flexible living space and a built-in desk ideal for work, hobbies, or recreation. The oversized garage with insulated walls and ceiling, dedicated workbench, storage shed, and privacy-fenced backyard add even more value to a home that has been lovingly cared for and improved over the years. This is more than just a house—it’s a place that feels ready to enjoy from the moment you arrive.
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.
