Step inside and feel it immediately-this is the kind of home that just flows. This beautifully designed ranch offers the perfect blend of everyday functionality and elevated finishes, creating a lifestyle that feels both effortless and refined. This quick move-in Fairfield model is available now with NO SSA in Manhattan and features charming brick detail, a spacious 3-car garage, and a generously sized basement that is already partially finished-giving you valuable additional living space from day one. Inside, 9' ceilings enhance the open, airy feel throughout the home. With 4 bedrooms and 2 full baths, the layout is thoughtfully designed to accommodate both everyday living and entertaining. The kitchen truly serves as the heart of the home, showcasing designer 42" cabinets with crown molding and deluxe construction, quartz countertops, stainless steel appliances, and a walk-in pantry. It opens seamlessly into the great room and dining area, making it easy to host, gather, and enjoy every moment. Just off the main living space, a covered back porch creates the perfect extension of the home-ideal for quiet mornings or relaxing evenings. The primary suite is privately situated at the back of the home, offering a peaceful retreat complete with a large walk-in closet and a spa-inspired bath featuring a raised dual vanity, water closet, oversized shower with seat and clear glass doors, ceramic finishes, and a linen closet. Luxury vinyl plank flooring runs throughout the main living areas, while all bedrooms feature plush carpet with upgraded padding for added comfort. The laundry room is conveniently tucked near the garage entry for everyday ease. Outside, the fully sodded homesite is complemented by professional landscaping and a fully fenced yard, while inside you'll appreciate the added value of all window treatments already installed and all appliances included-even the washer and dryer. Designed for modern living, this home also includes America's Smart Home Technology, allowing you to control and monitor your home from anywhere. Whether adjusting settings from your phone or using voice commands, the system seamlessly connects with Bluetooth, Wi-Fi, Z-Wave, and cellular devices to create a truly connected experience. Only 2 years young, this home offers the benefits of newer construction without the wait-ready for you to move in and start your next chapter.
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.
