Seller will install a 30 yr. Architectural roof before closing w/ an accepted offer. This well-maintained home features a true attached mother-in-law suite...originally built w/ the home…offering its own private entrance while still providing access to the main living space. The suite includes a full-size kitchen, living room, spacious bedroom with walk-in closet, full bath, plus washer & dryer closet…perfect for multi-generational living or guest accommodations. The main home boasts soaring cathedral ceilings reaching approximately 12’ in the great room, kitchen, & primary bedroom, creating an open & airy feel. The great room features a cozy wood-burning fireplace & French doors that open to the backyard/ pool area, w/ addit. access from the breakfast room & primary suite. The kitchen is bright & inviting w/ white cabinetry, granite countertops, stainless steel sink, matching appliances, breakfast bar, & a new garbage disposal in main kitchen '24. The split floor plan offers privacy, w/ two addit. bedrooms & a full bath located on the opposite side of the home. The primary suite includes two walk-in closets w/ new shelving installed in '23, new faucets '26, dual sinks & a tiled walk-in shower. Step outside to your private backyard complete with a sparkling pool! A new Polaris was installed in 2025, & professional pool service included new sand in filter, O-rings, pressure gauge, & a timer installed for the pump & vacuum in '24. For your storage needs you have a 14x24x8 WORKSHOP/STORAGE BUILDING & a custom “She Shed” '21. The yard has been professionally landscaped w/ fresh sod in needed areas. Additional features include: Laminate wood flooring in living/dining room, 2 hall bedrooms & hallway 2021 ~ Hallway Hot water heater ('21) ~ HVAC system serviced annually ~ Active termite bond. This lovely home offers comfort, functionality, & flexibility…ideal for today’s lifestyle. Woodbine Springs features a 52-ACRE LAKE, picnic area & playground. Call for an appt. today!
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.
