OPEN TO CREATIVE FINANCE (SUBJECT TO) OFFERS: LOCATION, LOCATION, LOCATION is everything, and this home delivers. Just a SHORT WALK to TOP RATED LOCAL SCHOOLS, it’s as convenient as it is beautiful — a place where mornings begin with coffee on the patio and evenings end with laughter by the pool. Nestled gracefully on a PREMIUM CORNER LOT, this NORTH FACING home exudes timeless sophistication and offers a lifestyle that feels both elevated and effortless. From the moment you step through the front door, the EXPOSED BEAMS, the CLASSIC WOOD TRIM and HUGE STONE FIREPLACE set the tone for something special — bright, clean, and ready for the life you envision. TWO LIVING AREAS make entertaining a dream, while the heart of the home — a thoughtfully designed kitchen — offers the perfect space to gather, create, and connect. Enjoy all the recent updates, sleek granite countertops, white painted cabinetry, updated electric cooktop, updated double oven, , rece Large windows frame views of your own private sanctuary outside: a PRIVATE SPARKLING POOL surrounded by lush greenery, where long summer days and cool evenings come to life. Invite all your friends and family with the 5 total parking spaces. Take advantage of the maintenance free lifestyle with all the other recent upgrades of pool equipment, irrigation, HVAC, and both water heaters! Newer Pex for the plumbing for the water heaters. 2244 Covington Lane isn’t just a home — it’s a feeling. A place where every detail reflects care, where light meets luxury, and where every day feels a little more extraordinary.
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.
