Beautifully maintained and thoughtfully designed, this 3-bedroom, 2.5-bath home offers one of the best open floor plans in the subdivision — perfect for both everyday living and entertaining. The main level features a bright, spacious living area that flows seamlessly into the kitchen and dining space, filled with natural light and a warm, inviting feel throughout. The kitchen offers ample cabinetry, modern appliances, and a functional island, making it ideal for hosting or daily life. Just off the dining area, enjoy peaceful backyard views that add to the home’s charm. The primary suite is conveniently located on the main level, complete with a private en-suite bath, walk-in closet, and easy access to the laundry room — designed for comfort and convenience. Upstairs, you’ll find two additional bedrooms, each featuring fun chalkboard accent walls perfect for creativity and personalization. A spacious bonus room adds flexible living space, while the wide hallway landing is ideal for a study area, play space, or cozy reading nook. The second floor also includes a full bathroom and generous storage throughout. Tucked away on quiet Barbaro Circle, this home offers a peaceful setting with an attached 2-car garage, while being just a short walk to the community pool. With I-40 only 5 minutes away, commuting is a breeze — just 45 minutes to Nashville and 30 minutes to Bellevue. This home truly combines comfort, functionality, and location — all in one inviting space.
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.
