This one is even better in person! Fresh interior paint, brand new vinyl flooring, carpet and baseboards, custom painted cabinets and vanities, plus newer roof, exterior paint and water heater (over $60k in improvements over 2 years!)…all it needs is you and your things! Move-in ready with thoughtful updates and room to grow, this Adonea home with 3 beds and 2 baths is a great fit for first-time buyers, right-sizers, or anyone looking for flexibility. The main level offers a comfortable, open and easy flow between the kitchen, dining, and living spaces. Touches of color create interest and creativity; the fireplace adds warmth and cozy. The kitchen offers plenty of prep and storage space, the dining area opens directly to the patio for grilling and relaxed outdoor dinners, and the living room is where you'll be as the day winds down. The primary suite includes a spacious 5-piece bath and walk-in closet, while the two additional bedrooms at the front of the house are perfect for kids, guests, a home office, or hobbies. Main-level laundry offers convenience, and there's even room to add a utility sink and more cabinetry. If you’re thinking long-term, the full unfinished basement offers a rare opportunity to double your living space; bedrooms, a rec room, home gym, workshop – the space is there! Located within walking distance to Adonea’s Community Center, pool, playground, basketball court, and pavilion, the neighborhood is established, welcoming, and quiet, with a proactive and social HOA. With quick access to E-470, I-70, DIA, Anschutz Medical Campus, and Southlands, this location makes commuting and daily life easy. A home that offers comfort today and potential for tomorrow – I repeat, this one is even better 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.
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