Tucked away on a quiet cul-de-sac with minimal traffic and convenient access to Hwy 114, this spacious home offers over 4,200 square feet of versatile living space designed to fit a variety of lifestyles. With 6 bedrooms, this layout is ideal for growing families, multigenerational living, or those who simply love extra room to spread out. From the moment you arrive, the impressive drive-up showcases a three-car garage and welcoming curb appeal. Step inside to find a flexible front room to the left, currently used as a sitting area but easily suited for a formal dining space or home office. The heart of the home features an open-concept kitchen, dining, and living area perfect for both everyday living and entertaining. The kitchen is equipped with dark cabinetry, stainless steel appliances, ample counter space, and a convenient butler’s pantry to keep everything organized and within reach. The first floor includes a spacious primary suite complete with an ensuite bathroom and walk-in closet, offering a private retreat. Upstairs, you’ll find four additional secondary bedrooms plus a second primary bedroom, ideal for guests, extended family, or older children seeking added privacy. A large game room provides even more space for relaxation or play. Step outside to enjoy a covered patio overlooking an oversized backyard, perfect for outdoor gatherings, play, or simply unwinding at the end of the day. This home combines space, flexibility, and a prime location—ready to meet your needs and more.
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.
