“WELCOME HOME to one of the best values in the area! Recently repositioned at an aggressive and competitive $379,000, this spacious 5-bedroom, 2.5-bath home offers nearly 3,000 square feet of flexible living space designed perfectly for growing families, remote workers, multi-generational living, or anyone simply needing room to spread out and enjoy life. From the moment you walk in, you’ll notice how functional and inviting the layout feels. Downstairs features multiple living and dining spaces plus a dedicated office/den that makes working from home or managing a busy family life incredibly convenient. Upstairs, the oversized loft creates the perfect second living room, movie space, playroom, homeschool area, or game room. The heart of the home is the open-concept kitchen and family room, where everyone naturally gathers — whether it’s weeknight dinners, birthday parties, or football Sundays. One of the standout features is the rare 3-car tandem garage, offering incredible flexibility for extra vehicles, a home gym, workshop, storage space, golf cart, motorcycles, or all the random Costco purchases we somehow convince ourselves we needed. Step outside into the backyard and you’ll immediately understand why this home feels special. With no direct rear neighbors crowding behind you, the outdoor space feels peaceful and private — where pets can roam freely, friends gather for BBQs, and parents can finally sit down for five uninterrupted minutes pretending life is under control. Homes with this much space, functionality, and value under $380k are becoming harder and harder to find in today’s market. If you’ve been waiting for the right combination of size, layout, location, and affordability — this may be the one. Schedule your private showing today before someone else beats you to it!”
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.
