This is THE ONE... it's beautifully maintained, with a Grand entry & an open floor plan that creates an inviting flow, anchored by a stunning kitchen featuring crisp white shaker cabinetry, stainless steel appliances, ample counter space, and a generous center island with bar seating perfect for family meals, entertaining, and everyday living. The kitchen opens to the living areas, enhanced by luxury flooring, recessed lighting, and abundant natural light. A dedicated dining space sets the stage for memorable gatherings, while the expansive living area offers flexibility for growing families and relaxed evenings at home. Upstairs you have a bonus room, currently styled as a home theater which adds a fun and functional space ideal for movie nights, a game room, or a home office. Your NEW home was thoughtfully designed with convenience in mind. Everywhere you look there is EXTRA storage and a MASSIVE laundry room with counter space and shelving. Step outside to a low-maintenance backyard that is perfect for weekend barbecues, playtime, or creating your own outdoor retreat. The BEST part is that it's ideally located near highly regarded schools, neighborhood parks, and everyday shopping. You'll LOVE the easy access to local dining, wine country, and a wide variety of outdoor activities. In case you're wondering... this home is strategically located with straightforward commutes to surrounding military bases so without a doubt, this home is an excellent fit for any households seeking both convenience and community. It's move-in ready and filled with warmth as this home is where lasting memories are made. Incase you're wondering about the solar... IT'S FULLY PAID OFF. What a blessing!!!
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.
