Incredible opportunity with a VA assumable loan at just 2.75% interest! This beautifully upgraded 5-bedroom, 3-bathroom home offers modern comfort, style, and smart features throughout. Enjoy seamless connectivity with built-in Ethernet and fiber optics in multiple rooms--perfect for work-from-home or streaming.The finished garage features durable flake epoxy flooring, and every room in the home is equipped with ceiling fans, including the screened-in back porch and front porch with dual fans for year-round comfort. A double-gated privacy fence provides security and functionality, with full gutters installed around the home. Inside, the open-concept living space shines with double tray ceilings and crown molding in the living room, tray ceiling in the dining area, and French doors leading to a private office. The kitchen is a chef's dream with granite countertops, an extra-large walk-in pantry with built-in shelving, and a Culligan water filtration system paired with a hospital-grade reverse osmosis drinking system. The owner's suite offers a spacious walk-in closet, garden tub with a garden window, and a separate tiled shower. Secondary bedrooms are generously sized with ample closet space. Flooring includes durable LVP in main areas and cozy carpet in bedrooms. The walk-in laundry room adds even more convenience. Outside, enjoy the benefits of a 2024 smart sprinkler system with three zones and rain sensing, keeping your yard lush with minimal effort. This home truly has it allluxury, efficiency, and unbeatable financing options. Schedule your private showing today and take advantage of this rare VA assumable loan at 2.75%!
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.
