Stunning 2022 newer construction home in the desirable Prairie Crossing community. This 4-bedroom, 3-bath home features a sought-after downstairs bedroom and full bath, OWNED SOLAR plus an oversized upstairs loft perfect for a second living area, playroom, or media space. The oversized primary suite features two walk-in closets, while two large secondary bedrooms sit on the opposite side of the loft—perfect for kids, guests, or multi-generational living. Designed for modern family living, the home includes a laundry room located upstairs, right near the bedrooms—making laundry day easier and keeping the main living areas clutter-free. The open-concept layout flows into a large backyard with endless potential for entertaining and outdoor living. A unique bonus is the converted garage office with a private entrance and dedicated A/C—ideal for remote work or a home business—while the remaining garage space still offers parking for two additional cars and storage. The backyard is designed for enjoyment and entertaining, featuring a covered patio with ceiling fans that provides shade and comfort, plus plenty of space for play, gardening, or hosting family and friends. Enjoy energy savings with owned solar panels and added elegance with plantation shutters throughout. Conveniently located close to shopping, schools, and everyday amenities, this move-in-ready home offers space, flexibility, and modern comfort all in one. Close to parks, tennis courts, pickleball courts, basketball courts and super close to shopping and dining
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.
