This Gorgeous Executive Home is on ONE Level with 3632' total square feet, 4 Beds, 3 Baths, 2 Living Areas, & a 3 Car Garage. Updates have been done including a Large Island with an open concept floorplan opening up the Large Kitchen, Island, Living Room, Breakfast Nook, & Formal Dining. There are 2 Living Room areas and 2 Fireplaces with Gas Logs in each of the 2 Living Rooms. ROOF replaced in 2024 & Full Guttering with Gutter Guards, Huge Kitchen with Stainless Steel Appliances, Pull-Out Shelving, Massive Island, Storage Galore, Double Ovens, Pantry, New Dishwasher (2023). This Home has been Maintained Meticulously & is Pristine: Brand new Carpet installed in Master/Primary Bedroom & Main Living Room Jan 12, 2026. Master Bedroom & Living Rooms had Glass Doors replaced in 2021. Both Hot Water Tanks replaced: one in Nov 2025 & one in Nov 2021, and both HVAC units replaced in August 2021 with Trane Units, Fence replaced in 2021 with Metal Poles. Garage painted & LED lights added. Soffit lights 2021 (front & east side added). Seller would like to close in the middle of April or after.
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.
