*Seller offering $5,000 in concessions* MISD SANCTUARY: SOPHISTICATED DESIGN, FIRST-FLOOR SUITE & A BACKYARD BUILT FOR RELAXATION. Imagine pulling up to your stunning, two-story home in a sought-after, friendly neighborhood—knowing everything you need is moments away. This 4-bedroom, 3.5-bath residence has been meticulously designed to blend high-end elegance with everyday comfort. THE CHEF'S PARADISE: The main level boasts rich hardwood floors that guide you toward the heart of the home: a sensational, open-concept space anchored by a chef-approved kitchen. With sleek granite countertops, designer lighting, and a massive central island, this is where casual weeknights and elegant formal dining come together seamlessly. YOUR PRIVATE ESCAPE: Privacy is paramount. The dedicated home office, framed by soaring windows, is your bright, quiet command center. Better yet, the tranquil Primary Suite is perfectly positioned on the main floor. Slip into the spa-like ensuite, where a deep soaking tub, separate glass shower, and dual sinks await—your ultimate private retreat after a long day. VERSATILITY UPSTAIRS: The upper level is intelligently designed for family or guests. You’ll find three generous secondary bedrooms, offering flexible living. The Jack-and-Jill bath simplifies life for the kids, while a private third ensuite ensures your overnight guests feel pampered. The large Game Room offers a perfect secondary living space for media or play. OUTDOOR LIVING PERFECTION: The private backyard is truly an oasis with no rear neighbors to spoil the view. Entertain effortlessly on the large covered patio and pergola. And yes—we thought of the pets! The dedicated dog run with a climate-controlled dog house means every member of the family lives in luxury. Call us today to experience this perfect blend of style, location, and functionality!
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.
