Welcome to your Evergreen escape—where “hosting at your place” becomes everyone’s favorite plan, whether you volunteered or not. Set on over 2 fire-mitigated acres, this 4-bed, 4-bath beauty doesn’t just check boxes, it does a happy dance while doing it. Let’s talk entertaining, because this home clearly got the memo: go big or go home. The massive deck is basically a social magnet—sunsets, string lights, sizzling grills under a corrugated steel covering, and that one friend who never leaves. Did we mention this home is south facing? If you didn’t know, that’s kind of a big deal. And just when you think you’re head over heels in love, there’s the shop: part guest house, part party hub, part additional parking for toys. With its own bathroom, bar and garage, your house officially went overboard. Let's not forget the insane sport court! This thing is lit... literally. You could be out shooting hoops or playing pickle-ball with your people until the wee hours all year round. Inside the main home, things continue to make for class-A entertaining. The great room serves up a soaring stone, wood-burning fireplace that says, “go ahead, cancel your plans.” Beautiful wood floors lead you through a proper dining room and into a kitchen that’s ready for everything from gourmet ambitions to takeout meals, plated like you tried. The main floor offers 2 generously sized bedrooms, while upstairs, the primary suite is living its best life—vaulted ceilings, a spa-worthy ensuite, and a walk-in closet big enough to justify a shopping habit. Oh, we’re not done. Downstairs, a guest suite ensures visitors are very comfy, a cozy family room is perfect for movie marathons, and the office with its charming stove makes working from home feel suspiciously enjoyable. In summary: it’s spacious, it’s stylish, it’s a little bit show-offy. The only thing missing is you and your very own housewarming party to kick things off right!
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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