Well-maintained single-story home offering generous living space, a functional layout, and a large private backyard—perfect for everyday living and entertaining. Major updates provide peace of mind, including a brand new roof installed March 2026 and updated windows within the last five years. Inside, the home features a spacious living area with vaulted ceilings and a cozy fireplace, creating a warm and inviting central gathering space. The kitchen offers ample cabinetry and workspace, with an adjacent dining area that flows easily for daily use or hosting. Large windows bring in abundant natural light, creating a bright and open feel throughout the home. The oversized primary suite provides flexibility for a sitting area or workspace and includes an en-suite bath with dual vanities. Secondary bedrooms are well-sized and adaptable for guests, home office, or hobbies. Generously sized rooms throughout provide flexibility for work-from-home setups, additional seating areas, or multi-use living. Step outside to a fully fenced backyard with mature trees, a covered patio, and a storage building—offering plenty of room for outdoor living, gardening, or future customization. Enjoy morning coffee or evening gatherings under the covered patio while overlooking the expansive backyard with plenty of space for play, pets, or future outdoor enhancements. The detached storage building offers added flexibility for tools, hobbies, or seasonal items. Conveniently located near shopping, dining, and major commuter routes, this home combines comfort, space, and long-term value. Don’t miss the opportunity to make it your own. Additional features include an interior laundry room, abundant storage, and a layout that supports both comfort and functionality. A great opportunity to own a solid home with key updates already completed and room to personalize to your style.
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.
