I'm 315 Silver Circle, and if I could open my front door myself, I'd invite you right in. I've been waiting to tell my story. For years, I've watched families come and go, each leaving a little warmth in my walls. I stand proudly as a three-bedroom, two-bath home-just the right size for new beginnings and comfortable routines. When you step inside, you'll notice the the smooth LVP flooring that stretches across the spaces where life unfolds and the new carpet in the 2nd and 3rd bedrooms to keep your feet cozy.. My fireplace sits patiently in the living room, ready to glow again for someone who needs a place to gather, unwind, or simply breathe. I'm particularly proud of my kitchen. With stainless steel appliances and granite countertops, I've cooked up more breakfasts and holiday meals than I can count. I've heard laughter echo off the cabinets, secrets whispered while the dishwasher hummed, and clumsy first attempts at recipes that somehow always tasted perfect. My tankless water heater keeps everything flowing-hot showers, deep baths especially in the primary bathroom jetted tub, and late-night dishwashing marathons. Efficiency is something I've learned to be good at. But if I'm honest, my favorite place is my backyard. Enclosed by a sturdy fence, it's been a sanctuary-safe, private, and full of memories. My chlorine inground pool has seen cannonballs, summer parties, and those quiet early-morning swims when the world is still. With my new liner and new pool pump, I'm refreshed, ready for more splashes and sun-drenched afternoons. I'm a home that has been cared for, updated, and loved. And now, I'm ready-ready for the next people who will walk through my door and make me theirs. I can't wait to feel that warmth again. Until then, I stand here, waiting patiently... hopeful for the footsteps that say, "We're home"
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.
