Welcome to a home where your family can settle in, grow, and make memories from day one. This move-in-ready, single-story home from Scott Felder includes approximately $40K in upgrades so you can enjoy modern comfort without the stress of renovations. Its incredible location within the community-just steps from playgrounds, swimming pool, picnic areas and volleyball courts-Kids can play outside, meet friends, and enjoy summer swim days without ever needing a car ride, giving parents both peace of mind and convenience. Inside, the layout is designed with families in mind. Two front bedrooms and a full bath—perfect for children or overnight guests. A welcoming foyer with a mud bench makes it easy to drop backpacks and shoes after school. Nearby, the laundry room and a third bedroom/home office offer flexibility as your family’s needs change, along with a second full bath. The private primary suite is tucked away at the back of the home, creating a quiet retreat for parents. Bay windows bring in warm natural light, while the spacious bathroom features a walk-in shower, dual vanities, and a large walk-in closet. At the center of the home, the open-concept kitchen is ideal for busy mornings and family dinners alike. It features gray cabinetry, built-in stainless steel appliances, quartz countertops, under-and-over cabinet lighting, a functional island for homework or snacks, and a large pantry for easy organization. Step outside to a covered patio and extended stone patio, overlooking a spacious backyard with wide side yards and a cozy firepit seating area—perfect for playtime, weekend barbecues, and relaxing evenings. Extra storage in the half-car garage helps keep bikes, toys, and seasonal items neatly tucked away. Low HOA fees include access to multiple pools, splash pads, playgrounds, walking trails, picnic areas and sports courts for endless opportunities for family fun right in the neighborhood. This is more than a house—it’s a place to start your next chapter.
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.
