Cue the group chat: “We found the one!” Welcome to 3518 Capri Lane in the sought-after Eagles Landing subdivision in Shiloh, Illinois—where the updates are done, the backyard is fenced, and the pool is someone else’s to maintain. (You’re welcome.) This 4-bedroom, 2.5-bath beauty checks all the boxes and then adds a few bonus ones. With fresh paint and brand-new flooring, the home feels crisp, clean, and move-in ready from the moment you walk in. The new roof (2021) brings peace of mind—because adulting is a lot more fun when the big-ticket items are already handled. The layout offers the perfect blend of space and function. Whether you need room for hosting, hobbies, homework, or hiding from everyone for five quiet minutes, this home delivers. Four spacious bedrooms mean flexibility for guests, office space, or that Pinterest-inspired craft room you’ve been dreaming about. Step outside to a fully fenced backyard—ideal for pets, playtime, or backyard BBQs that turn into late-night laughter. And when summer hits? The Eagles Landing neighborhood pool is ready and waiting. Sunscreen recommended, yard work optional. Located in the Shiloh school district and zoned for O’Fallon High School, you’re also just minutes from shopping, dining, and Scott Air Force Base—making the commute easy and the convenience unbeatable. Stylish updates ? Great location ? Neighborhood pool ? Fenced yard ? All that’s missing is you (and maybe your patio furniture). 3518 Capri Lane isn’t just a house—it’s your next chapter.
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.
