PRE LISTING APPRAISAL HAS BEEN COMPLETED. Thoughtfully redesigned with high-end finishes inside and out, this home blends everyday comfort with standout custom details. Major system updates offer peace of mind, including a new roof and rain gutters (2023), new AC and furnace (2024), updated plumbing (2022), home rewiring and electrical panel replacement (2024), new attic ventilation fan (2023), new sprinklers (2025), and durable SmartLap siding with a 50-year warranty installed on the front of the home in 2024. The kitchen was built to be both beautiful and functional, featuring a stunning granite island, custom quartz countertops, a butcher block surround framing the high-end gas range, under-cabinet lighting throughout, and elegant Carrara marble with a herringbone backsplash. A custom coffee bar with reverse osmosis water adds a thoughtful touch to your morning routine. The primary suite feels like a private retreat with custom high-end cabinetry, double sinks, a spacious walk-in closet with custom lighting and built-ins, and a stunning oversized walk-in shower finished with porcelain tile surround, a marble niche, and built-in weight-rated seating. The towel warmer adds an extra layer of luxury, while upstairs, mosaic tile and custom mural wallpaper bring character and style to the bathroom spaces. Step outside and the lifestyle continues with an incredible backyard setup designed for gathering and entertaining. The expansive covered patio features 32 feet of awning coverage, a full outdoor kitchen with built-in storage, grill, wood-fired pizza oven, and griddle, plus a professionally vented smokestack system that keeps the space comfortable and clear. Unwind year-round in the like-new 700-gallon hot tub, creating the perfect private escape right at home. The flex space on the north side of the home is permitted to run a home business, or it can be used as a fourth bedroom. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement.
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.
