Fall in love with this head-turning Craftsman charmer in the heart of The Grove! With 4 bedrooms, 3 full baths, and a versatile bonus room, this 1.5-story home blends smart design with serious personality. From the moment you walk in, you’re greeted by soaring coffered ceilings, rich wood-look tile flooring, and a statement stone fireplace that anchors the living space. A sleek barn door adds style and separation between living and sleeping quarters, perfect for privacy or play. Calling all kitchen lovers, this one’s a total showstopper! The oversized island, quartz countertops, built-in stainless steel appliances, and full-height cabinetry make it both gorgeous and functional. Plus, the farmhouse sink and designer backsplash give it just the right touch of farmhouse flair. The dreamy primary suite is your personal sanctuary, complete with ambient ceiling lighting, two walk-in closets, dual vanities with granite countertops, a jetted soaking tub, and a spa-like walk-in shower. It’s a space you’ll actually look forward to ending your day in. Love to entertain? The backyard delivers with a large covered patio, built-in brick fireplace, and plenty of room to relax, gather, or throw an impromptu game night. And don’t miss the 3-car garage with in-floor storm shelter for added peace of mind. With smart home features, water softener system, a Rinnai tankless water heater, air purification system, R-44 insulation, and solarboards, this home is as efficient as it is stylish. Tucked inside the vibrant Grove community, you’ll enjoy two clubhouses, resort-style pools, fitness centers, stocked fishing ponds, playgrounds, scenic trails, and even an on-site elementary school. Whether you’re upsizing, rightsizing, or just ready for something special, this home checks all the boxes.
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.
