Well maintained 2,000+ square foot home UNDER $500k— Suitable for multi-generational living. This is perfect for buyers who prefer not to deal with a lot of stairs or need a main level bedroom! This stunning Brick Rambler is the home buyers have been waiting for. With luxury upgrades, timeless charm, and incredible versatile living space, this beauty checks every box and then some. Step inside to a bright, open, and beautifully flowing layout where gleaming hardwood floors stretch throughout the entire first level — setting an elegant tone from the very first step. The spacious living room with cozy fireplace invites you to relax and unwind, while the separate formal dining room sets the stage for memorable meals and effortless entertaining. Prepare to fall in love with your kitchen. Fully updated and absolutely stunning, this space features a breathtaking waterfall quartz countertop that is pure eye candy — as functional as it is gorgeous. Top it off with a sleek suite of stainless steel appliances. Whether you're meal prepping or hosting a dinner party, this kitchen delivers at every turn. The convenient eat-in area makes everyday mornings feel like a luxury experience. The fully finished walkout basement opens up a world of possibilities: home theater, gym, in-law suite, entertainment hub, home office — you name it. With direct outdoor access. The covered carport keeps your vehicle protected year-round, and the walkout basement access makes outdoor living and entertaining an absolute breeze. Whether you're hosting a backyard gathering or simply enjoying a quiet evening outside, this home delivers the outdoor lifestyle you deserve. This is the rare combination of solid construction, modern upgrades, and unbeatable value that savvy buyers dream about. Your next chapter starts here. Schedule your private tour TODAY before someone else calls it home.
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.
