This is no ordinary dwelling. It is a 1,470-square-foot sanctuary of light and ease—two generous bedrooms, two baths—crafted with the quiet confidence of a place that has already decided it loves you back. Step inside and the world outside softens. The layout opens its arms in a warm, flowing embrace: a spacious living room bathed in natural light, anchored by a magnificent built-in bookshelf that waits like a faithful guardian, ready to cradle your novels, your travel souvenirs, your children’s treasures, or simply stand beautiful and empty, breathing room into the space. The kitchen is honest and capable—nothing flashy, just reliable appliances that have already proven they can handle morning coffee rituals, late-night pasta experiments, and everything in between. It is a kitchen that says, “I’ve got you,” rather than demanding attention. But oh… the backyard.That is where the story truly expands. It is vast. A green kingdom stretching out beneath open skies, so large it feels almost mythical. Here, dreams have room to run. Imagine a glittering swimming pool where laughter echoes on summer nights. Or a sleek pickleball court where friends become family. Perhaps a charming horse stall tucked in the corner, with the soft nicker of a gentle companion greeting the dawn. Or simply an oversized lawn where barefoot children chase fireflies and golden retrievers roll in the grass until the stars come out. This house has been cared for with love and foresight. Solar panels arrived in 2019, quietly harvesting sunlight ever since. The main electrical panel was upgraded to match. A new water heater in 2018 ensures warm showers without worry. And in 2020, a fresh roof was laid—strong and protective—everywhere except where the solar panels already stand guard like a crown. These are not just upgrades; they are quiet promises of reliability whispered into the bones of the home. An attached two-car garage waits patiently for your vehicles, your bicycles, your half-finished projects. Everything here feels considered, intentional, and ready. There's a dedicated laundry room too! A bright, comfortable, move-in-ready home that already feels lived-in and loved, yet holds open every door for your own story to begin. A place where mornings are peaceful, evenings are golden, and the backyard stretches out like an open invitation from the universe itself: Here, you may grow. Come. Stand on the threshold. Listen. It is already saying your name.
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.
