Welcome to 2482 Redford Dr. a home filled with thoughtful updates, flexible spaces, and custom details that make everyday living feel easy. Inside, you’ll find LVP flooring throughout the living room and bedrooms, with tile in the kitchen and bathrooms for both style and durability. The kitchen features granite countertops and brand-new stainless steel appliances, creating a fresh and functional space for cooking, gathering, and entertaining. One of the front rooms offers wonderful flexibility with a built-in Murphy bed, making it perfect as a home office, guest space, or additional bedroom when needed. Another bedroom brings fun and imagination to life with Mario character wall art and a built-in jungle gym, creating a playful space that feels truly one of a kind. A customized laundry room adds convenience and includes an all-in-one washer and dryer that will remain with the home. The primary suite offers a relaxing retreat with treyed ceilings, a double vanity, tile shower, garden tub, and a large walk-in closet. Step outside to enjoy a backyard designed for both comfort and low-maintenance living, featuring paver patios and fresh new sod. With updated finishes, creative custom touches, and spaces that can easily adapt to your lifestyle, this Cantonment home offers comfort, character, and functionality all in one. This home also has an assumable loan with a 4.125% rate for qualified buyers! That is around 2% less than the average rate in this market! Come see this home today!
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.
