The right house doesn't announce itself. It just feels like the next chapter the moment you walk in. Step inside and the living room opens to your left, anchored by a fireplace and the kind of natural light that makes you stay longer than you planned. The kitchen sits just behind it, with granite countertops, appliances included, and windows facing the backyard with the backdoor already calling your name. A new deck waits on the other side, opening into a flat backyard enclosed by an 8-foot privacy fence, shaded and spacious, with a playset and room to spread out. Freshly painted in April 2026, every wall, every ceiling, every closet. LVP flooring throughout the living, dining, kitchen and hallway make for low-maintenance living, with fresh carpet in bedrooms and second floor. Three bedrooms and two baths on the main level, then TWO proper bonus rooms upstairs with a full bath, ready to become whatever this season of life calls for. Guest room, game room, home theater, home office? Your options are endless. No HOA. Wake County schools. Minutes from Downtown Wake Forest, its shops, cafes, and festivals. A greenway trail just over a mile away. A detached shed is wired and perfect for storage or extra space to play, while the attached outdoor closet is great for organizing everything that doesn't need to live inside. A place for everything. This is where the fireplace gets its Friday nights. Where the backdoor earns its keep. Where someone walks through and thinks, quietly, this is where we begin. Come as you are. There's plenty of room.
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.
