**ASSUMABLE 2.875% INTEREST RATE VA LOAN AVAILABLE** Discover Your Dream Oasis in Ventana! Welcome to this exquisite home nestled in the highly sought after community of Ventana, where modern elegance meets tranquil living. This stunning residence boasts four spacious bedrooms and three full baths, thoughtfully designed with a split bedroom arrangement that ensures privacy for everyone. Step inside to experience an open concept layout that invites natural light to flood the living areas, creating a warm and welcoming atmosphere perfect for entertaining family and friends. Gather around the beautiful Granite Island and enjoy Cooking on the Lovely Stainless Gas Range. Or take it Outdoors to the Luxury Pool Oasis, a Perfect Entertainment Haven! With approx 1100 square feet of expansive decking area, you'll have ample space for lounging, hosting fun gatherings, or dining al fresco under the stars. The thoughtfully designed pool with tanning ledge is ideal for soaking up rays or enjoying leisurely swimming sessions. Equipped with state-of-the-art amenities including a Pentair Variable Speed Pump with automation capabilities, controlling your pool's operations has never been easier, simply use your mobile app for ultimate convenience. Maintenance is a breeze with a dedicated pool cleaner ensuring pristine water at all times, allowing you more time to relax. With green space behind and beside, this home offers a Private retreat in a prime location where you can unwind and enjoy the Views. As day turns into night, let the soft glow of LED lights transform your evenings into magical moments under the stars. And here’s an exceptional BONUS: this home and pool are powered by SOLAR ENERGY! Embrace sustainable living without compromising on Luxury. A New Home, New Pool and New Solar Energy totally paid for included! Don’t miss out on this extraordinary opportunity to own a slice of Paradise. Your New Lifestyle Awaits!
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.
