*PRE-INSPECTED & RATE BUYDOWN OFFERED BY PREFERRED LENDER IF ELIGIBLE.* Tucked along a greenbelt in Thompson River Ranch, this 5 bedroom, 4.5 bath home has a layout you almost never find with three private en suite bedrooms. It's perfect for hosting guests, living with others, or simply enjoying the comfort of extra privacy. From the moment you walk in, the home feels open and easy to live in. The kitchen is a dream for people who love to cook or entertain, with tons of cabinetry, granite countertops, a separate pantry, an island, and dual ovens. Upstairs, you'll find all three en suites along with a flexible loft space and a convenient laundry room. The primary suite is a calming retreat at the end of the day with a five-piece bathroom featuring a soaking tub, spa-like walk-in shower, double vanity, and a generous walk-in closet outfitted with custom organizers. The finished basement adds even more room to spread out with a recreation area, two additional bedrooms, a full bathroom, and plenty of storage, ideal for hobbies, movie nights, guests, or creating your own home office setup. Outside is the kind of yard that feels established and full of life, not something you have to wait years to grow into. You can enjoy hosting summer barbecues under the pergola on the oversized patio and plant veggies in the raised garden beds. Living in Thompson River Ranch means having amenities that make everyday life feel easier and more fun with two swimming pools, three playgrounds, a disc golf course, paved trails, a clubhouse with a fitness center, a PK-8 school within the neighborhood, and community events with neighbors who become friends. Plus, you're just minutes from Loveland, I-25, and Centerra for all your shopping, dining, and entertainment needs. If you're searching for a home with space, comfort, personality, and a story of its own, this one stands out from the crowd.
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.
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