Dive into luxury with your own heated and cooled gunite pool-perfect for year-round relaxation and entertaining. Custom-built with exceptional craftsmanship and architectural detail, this stunning home reflects quality from the foundation up all along with new roof added in September 2025. Thoughtfully designed with attention to every detail, you'll immediately notice the extensive crown molding and welcoming foyer. The living room is beautifully centered around a fireplace, creating a warm and inviting focal point. The spacious, oversized kitchen is ideal for both everyday living and entertaining, featuring stainless steel appliances (including an updated refrigerator and dishwasher), granite countertops, a stylish backsplash, breakfast bar, and a bright breakfast area. Recent updates and features include a screened porch converted into an enclosed porch with vertical sliding windows and tile flooring, a RainSoft water treatment system, an outdoor pavilion complete with TV mounting and ceiling fan, and a shed with electricity. The irrigation system has been upgraded to a Rain Bird system to maintain the beautifully landscaped yard. The HVAC system was replaced in 2019. Step outside to your private backyard retreat with lush landscaping and a fully fenced yard, offering both privacy and tranquility. Situated on a desirable corner lot with a privacy fence, this home boasts excellent curb appeal. Additional highlights include a termite bond and a history of meticulous maintenance. Located in the sought-after Somersby Pointe community, residents enjoy amenities such as a neighborhood swimming pool, sidewalks, and street lighting.
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.
