This lovely 4/2/2/ home has been well maintained - Floors 2018, Primary bathroom shower remodel 2018, Metal fence 2018, Toilets upgraded/replaced 2021, Dishwasher 2024, Oven 2025, Roof 2025, Dryer ducts cleaned out 2026, AC serviced (coils cleaned) 2026, partial wooden fence replaced 2026. Home is ready for new owners! Super spacious living area and master bedroom! Master bedroom has eye popping decorative wooden accent wall, carpet & lighted ceiling fan. Kitchen has black/SS appliances-built in Whirlpool microwave, smooth top range, dishwasher, granite countertops, SS sink with disposal, pantry and tile flooring. Eat in Kitchen breakfast bar and separate Dining room with bow window & laminate flooring. Master bath has granite topped double vanities, huge WI separate shower with glass door, linen closet, His & Her WI closets and tile flooring. Separate floorplan ensures privacy. 3 guest bedrooms & guest bath on other side of home. All bedrooms with carpet, lighted ceiling fans & 2 with WI closets; bath with granite countertop. Laundry area is located in spacious 20 x 20 garage. Private and big covered back patio. Welcoming & relaxing gazebo, and storage shed surrounded by wooden and metal privacy fence with gates on both ends. Flood lights & full gutters.
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.
