Seller’s existing VA loan is assumable at an approximate 4.5 interest rate for qualified buyers! If you've been waiting for a home where the expensive work has already been done, this may be the one worth moving to the top of your list. Beautifully renovated from top to bottom, this home combines modern design, everyday functionality, and the move-in-ready confidence buyers are searching for. From the moment you arrive, the mature shade trees, inviting curb appeal, and clean architectural lines create a first impression that simply feels right. Step inside and you'll immediately notice how naturally the home flows. Luxury vinyl plank flooring, recessed LED lighting, fresh designer paint, and carefully selected finishes create a bright, welcoming atmosphere that feels both sophisticated and comfortable. At the heart of the home is a kitchen designed for the way people live today. Quartz countertops, timeless white shaker cabinetry, stainless steel appliances, sleek hardware, and an oversized island create the perfect gathering place whether you're preparing a quiet dinner or entertaining family and friends. Because the kitchen overlooks the spacious living and dining areas, you'll never feel separated from the conversation. Expansive sliding glass doors open to a large screened lanai, creating the perfect extension of your living space. Enjoy your morning coffee, host weekend barbecues, watch the game, or simply relax while overlooking the fully fenced backyard. There's plenty of room for children, pets, gardening, or even the pool you've always envisioned. A storage shed provides valuable extra space for tools, lawn equipment, and seasonal items. The primary suite offers a peaceful retreat with generous closet space and a beautifully renovated ensuite bath featuring a frameless glass walk-in shower, designer tile, modern black fixtures, and an illuminated vanity. A private sliding glass door leads directly to the screened lanai, giving you the perfect place to start or end your day. Additional bedrooms are bright, spacious, and flexible enough for family, guests, or a home office. The neutral color palette and timeless finishes make it easy to personalize while avoiding the cost and inconvenience of future renovations. Simply unpack and start enjoying your new home. For added peace of mind, the sellers are providing a Four-Point Inspection, Wind Mitigation Inspection, and Elevation Certificate, offering valuable documentation that may simplify the insurance process. Conveniently located near shopping, restaurants, parks, schools, golf courses, medical facilities, and major commuter routes, this home offers the perfect balance of comfort and convenience. Whether you're searching for a primary residence, seasonal getaway, or investment opportunity, this beautifully updated home delivers exceptional value, style, and functionality. Schedule your private showing today before someone else calls it home.
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.
