In this segment of the market, buyers often expect to choose between square footage and meaningful upgrades. This home delivers both. Located in Saegert Ranch Phase One and offering 2,064 square feet , it combines a functional two story layout with efficiency improvements that directly impact long term cost of ownership. Built in 2003 and set on a 0.192 acre lot , the floor plan includes three bedrooms, two full baths, and one half bath with defined living and dining areas. The main level flows naturally from living space to kitchen, where a center island, solid surface countertops, vent hood, and refrigerator support daily routines without wasted space. Upstairs, all bedrooms are positioned for privacy, including a primary suite with walk in closet and garden tub. New carpet, a new water heater, and a new exterior AC unit strengthen comfort and reliability. Solar panels, upgraded windows and doors, new gutters, and a heat shield further enhance efficiency and durability. Outside, a covered patio, privacy fencing, and above ground pool create usable outdoor space without overwhelming maintenance. Most homes in this price range focus on cosmetic updates while leaving major systems untouched. Here, the improvements address structure, efficiency, and mechanical components, protecting value beyond surface appeal at a $270,000 price point . Well maintained homes with documented upgrades in established neighborhoods like this do not linger without serious consideration. The combination of layout, lot size, and system improvements makes it a strong contender in its category. For added confidence, this home qualifies for our 12 month buyer satisfaction guarantee. If you need to sell before you buy, our Guaranteed Sale Program can help reduce the pressure of owning two homes. If the space and upgrades align with your goals, schedule a private showing and evaluate it in person.
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.
