Waiting on the home that gives what you would expect from a Tara Estates abode? Meet 2784 Stauffer Dr. Perfectly positioned with grandiose curb appeal and courtyard to greet neighbors, along with art-deco styled double doors. Eclectic Brazilian Pecan hardwood flooring in the foyer welcomes and continues throughout most of the main level. Sunken living room is ready for analog visits with friends and family. The dining room surprises with entry pillars and loads of wall storage for stowing away entertaining aesthetics. The large dining room footprint offers plenty of space for the gathering table of your dreams. The kitchen brims with personality, a wall of windows and a pass through to the family room, not to mention chef's cook space, bar height leaning spot for visitors who love to loiter and more then enough storage space. Take a break at the breakfast nook for those days when lingering in the kitchen with a candle feels like the right start to the day. Unique corner family room manages to be cozy and expansive simultaneously. Is it the wet bar tucked in the corner or maybe the corner-style gas fireplace? Maybe the direct access to the screened in patio? The adjacent water closet finale finishes off the entertaining wing of the home with a flourish. Also on the main level, the Primary bedroom overlooking the rear yard with spa-like ensuite. 3 additional bedrooms on the main + a must-see RARE triplicate sink situation in the main bathroom. The 2026 remodeled walkout LL features two addtl bdrms w/egress windows, new bathroom and the rec space of everyone's dreams. Two large areas, 47x19 and 40x19 respectively. Large storage area w/shelving and cedar lined closet. Outside boasts a brand new deck 2025, half acre, fully fenced yard, perfect for all your midsummer night's dream festivities. Quality construction and craftsmanship, new Renewal by Anderson windows & 3 car garage. MANY additional updates/features, see attached list for a full breakdown.
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.
