OPEN HOUSE SUN, JUNE 21ST, 1PM-4PM. Why settle? In Amberlea at South Riding, you'll quickly discover something: many of the floorplans look remarkably similar. The experience does not. Some homes offer builder-grade finishes. Some offer shortcuts. Some offer updates that look good today but may not look quite as good tomorrow. And then there's this one. From the moment you step inside, the difference is obvious. Rich hardwood floors run throughout nearly the entire home—including the lower level, main level, upper level, and stairs—creating a warmth and continuity rarely found in competing properties. While many homes in the community rely on laminate, luxury vinyl plank, or large areas of carpet, this home offers the beauty and durability of the real thing. It also offers a true two-car garage—a feature that becomes more valuable every day, whether you need the parking, the storage, or simply the convenience. The primary bathroom has been thoughtfully remodeled with timeless finishes that elevate everyday routines. A brand-new glass tile backsplash brings fresh sophistication to the kitchen, while tasteful recessed lighting and exquisite crown molding add layers of character and refinement throughout the home. Downstairs, a lower-level bedroom with brand-new carpet creates flexible space for guests, a home office, fitness room, or private retreat. Outside, the handsome brick façade and stately apex create an elegant first impression that sets the tone before you ever step through the front door. Location only strengthens the package. Directly across the street from South Riding Market Square, you'll enjoy easy access to restaurants, shopping, coffee, services, and everyday conveniences that make life easier and more enjoyable. Perhaps most importantly, this home has benefited from something you cannot easily replicate: exceptional ownership. Meticulously maintained and thoughtfully improved over the years, the property reflects the care of an owner who has consistently invested in its condition and appearance. The result is a home that shows beautifully and feels remarkably well cared for. In a community filled with similar floorplans, this is the version you're hoping to find. The one with the upgrades already done. The one that's been lovingly maintained. The one that rises above the rest.
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.
