Welcome to a home designed for the rhythm of modern family living—where space, style, and long-term value come together. This former Richmond Homes model offers thoughtful design and flexibility for buyers ready to move into their next chapter without compromise. At the front of the home, a private study provides the ideal setup for working from home, managing daily life, or creating a quiet retreat—perfectly positioned away from the main living areas for added focus and privacy. The heart of the home features a gourmet-style kitchen equipped with stainless steel appliances, a double oven, glass cooktop, and overhead microwave, making it both functional and ideal for entertaining. The kitchen flows seamlessly into the open living and dining spaces, creating a natural gathering place for everyday life and special occasions. Upstairs, a large loft offers flexible additional living space—ideal for movie nights, a game room, or a secondary entertainment area—while spacious bedrooms provide comfort and privacy for every member of the household. Step outside to a covered backyard patio with room for patio furniture and a future hot tub, extending your living space and creating the perfect setting for relaxing evenings and weekend gatherings. Location further elevates this home’s appeal. Enjoy close proximity to the Gaylord Rockies Resort and the convenience of a future walkable shopping center featuring retail, dining, and family-friendly entertainment. The neighborhood is thoughtfully designed with parks throughout, and the home is adjacent to Painted Prairie, home to one of the largest and newest parks in the metro area—ideal for active lifestyles and community connection. Families will appreciate access to local schools serving elementary through high school, supporting stability and long-term ownership. Designed for today’s needs and tomorrow’s growth, this home offers space, flexibility, and a location built for lasting value. Homes like this are rare.
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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