Someone once said, “The best homes aren’t the ones where someone else has made all the design choices for you, but the ones that inspire you to make your own.” Okay, so I just made that up. But every now and then you stumble upon a house where the perfect layout and a great yard instantly fire up your imagination. Leaving the right amount of room to add your own artistic touch, think of this home as a place where your visions can finally come to life. Major details have already been handled so you can focus on moving in and making it your own. With a wave of recent updates completed in 2026, you get the peace of mind of a recently installed roof, a freshly pumped and inspected septic system, and a new, never used dishwasher, just to name a few. Designed to adapt to your life, the functional kitchen features a moveable island that easily rolls aside for holiday crowds or slides next to the stove for a massive prep station. That same flexible vibe pivots into the nearby bonus area, where the space becomes whatever your lifestyle demands: a sophisticated dining room, a quiet home office, a vibrant cocktail bar, or a cozy reading lounge. Plus, with 4 bedrooms and 3 full bathrooms, you have all the room you need to customize around your daily routine. When you step out the back door, the story continues into an outdoor area you simply won't find just anywhere. A large covered patio offers a shaded escape looking out over a beautiful yard framed with mature trees. A stone raised garden bed is primed and ready for colorful summer vegetables and fresh herbs, while a handy backyard shed keeps all your tools neatly tucked out of sight. Beneath the surface style lies a genuinely cared for home with a solid core and craftsmanship built to last. With just a few weekend DIY projects and your favorite paint swatches, you can let your inner designer run wild. Now is the time to come see it for yourself and discover how beautifully your life fits here.
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.
